US EditionCryptocurrencies outside Exchange Control Regulations, court rules – Moonstone Information Refinery
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Cryptocurrencies outside Exchange Control Regulations, court rules – Moonstone Information Refinery
The High Court in Pretoria has ruled that cryptocurrencies, such as Bitcoin, do not fall within the scope of the Exchange Control Regulations. The ruling, which set aside a forfeiture order on funds linked to cryptocurrency transactions, highlights a significant gap in the regulation of digital assets. Background to the case The litigation arose from a dispute involving Leo Cash and Carry (Pty) Ltd (LCC), a wholesale trading business, which oper…
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