looks like regulation is coming to SA:

"Individuals: Transfers of crypto assets from personal wallets to South African crypto providers, like VALR, would be prohibited. You would still be able to withdraw crypto to your self-custodial personal wallet, but bringing those assets back to a regulated South African exchange would be “non-permissible”.

Businesses: Cross-border payments using crypto assets would be “non-permissible”. This would also prohibit businesses from using stablecoins to make cross-border payments faster, cheaper, and more transparent.

 

To engage constructively with policymakers, VALR has become a signatory to the Crypto Asset Taskforce for Advancing Sound, Technology-Neutral Regulation for Opportunity, Prosperity and a Healthy Economy (“CATASTROPHE”), joining many other businesses and individuals calling for more effective regulation."

wtf is this kak