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Amendments to Relevant Laws will be Finalized in 2022, according to the South African Treasury on Crypto Regulations

The South African Treasury estimates that the modifications to the country’s financial legislation, which would include crypto asset service providers as accountable entities, will be completed in 2022.

Aligning Local Laws With FATF Standards

The South African Treasury has said it expects the proposals to include crypto asset service providers as accountable institutions within the Financial Intelligence Centre (FIC) Act to be finalized this year.

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