South Africa’s Central Bank ‘Paves Way’ for Crypto Clients
South Africa’s Central Bank said that customers with digital assets shouldn’t be banned “en masse.” South Africa’s central bank said that banks can now deal with funds linked to digital assets and shouldn’t block all crypto clients randomly. The South African Reserve Bank (SARB) said in new guidelines released this week that banks in the […]
The Philippines central bank warns against transacting with foreign exchanges
The Central Bank of the Philippines issued a warning to the populace, advising them against conducting any business with unregistered or foreign crypto exchanges. Although the announcement itself doesn’t sound ominous, when considered in the context of related occurrences, it turns In the Philippines, pressure on cryptocurrencies is rapidly increasing. a country of 112 million […]
Reserve Bank of South Africa urges crypto should not be cut-off
The Reserve Bank of South Africa provided instructions to its subsidiaries that included a recommendation not to completely shut off contact with cryptocurrencies. The CEO of the Prudential Authority of the Reserve Bank of South Africa, Fundi Tshazibana, signed the official notice. Due to murky rules or a high risk component, certain South African banks […]
OTR begins accepting crypto across its 175 fuel outlets
On The Run (OTR), a chain of gas stations and convenience stores has begun accepting cryptocurrency payments at all 175 of its locations in Victoria, South Australia (SA), and Western Australia (WA). As was previously mentioned, the action is a result of a partnership between DataMesh, a Sydney-based provider of payment solutions, and OTR, a […]
Korean police seize crypto in trial for unpaid traffic penalties
In a Seoul suburb, local police have the power to seize cryptocurrency in order to pay off outstanding penalties for traffic offenses. A successful pilot program allowing police to confiscate cryptocurrency from the exchange accounts of people with unpaid traffic fines has been running in a town in South Korea close to Seoul. The national […]