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Cryptocurrencies outside Exchange Control Regulations, court rules - Moonstone

Retrieved on: 2025-05-29 21:27:15

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Summary

The article discusses a South African High Court ruling that cryptocurrencies like Bitcoin do not fall under the country's Exchange Control Regulations, focusing on the legal definitions of "currency" and "capital." The judgment reveals a regulatory gap, stressing the need for legislative revisions, which could impact the fintech sector and cryptocurrency legality. This highlights fintech's evolving nature and the importance of decentralized digital currency frameworks.

Article found on: www.moonstone.co.za

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