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Finally some regulatory clarity from South Africa. The May 18 deadline has been looming for months. Exchanges have been preparing but the capital flight concerns are very real.
The FSCA is walking a fine line between protecting consumers and pushing innovation offshore. South Africa has a vibrant crypto scene — heavy-handed regulation could stifle that.
south africa joining the global regulatory wave. every jurisdiction is racing to put frameworks in place. the countries that get it right will attract capital, the ones that don’t will lose it
The capital flight angle is concerning but predictable. When you restrict freedom of movement for capital, people find alternatives. P2P trading volumes in Africa tell the real story.