South Africa's central bank, SAReserveBank, warns local financial institutions against the 'wholesale' banning of clients with ties to crypto, says it's OK for banks to interact with funds linked to digital assets. By iamsandali
previously moved to shut down accounts tied to crypto exchanges, citing exposures to risk. In the published document, the SARB said it was aware that certain banks in the country have blocked clients with links to crypto. It added that although thorough risk assessment is necessary, the"wholesale termination of client relationships" poses a threat to financial integrity.
"Risk assessment does not necessarily imply that institutions should seek to avoid risk entirely," the SARB said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Crypto Banks on Track to Receive Upgrade by New Federal Reserve Guidelines | CoinMarketCapThis could be the mass adoption of crypto that everyone is talking about... 👀
Weiterlesen »
South African Banking Regulator: 'De-risking' Crypto Firms Potentially Creates 'Opacity in Financial Conduct' – Regulation Bitcoin NewsRemoval of crypto entities such as exchanges from the banking system 'can potentially create opacity in the affected persons or entities’ financial conduct.' derisking regulation
Weiterlesen »
South African Reserve Bank encourages friendly behavior with cryptoIt's not all bad news lately. The South African Reserve Bank is trying to find a compromise on crypto without cutting off the sector entirely.
Weiterlesen »
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers – Regulation Bitcoin NewsThe philippine regulator has warned investors about engaging with unregistered and foreign crypto service providers. crypto cryptocurrency bitcoin
Weiterlesen »
ECB Creating a Harmonized Regulatory Framework Governing Crypto Activities and Services – Regulation Bitcoin NewsThe European Central Bank is working to harmonize the regulatory framework governing crypto activities and services in the EU. cryptocurrency bitcoin ECB
Weiterlesen »
Two New Crypto Brokerages Launched in Brazil | CoinMarketCapBrazil's largest investment bank and one of the country's largest brokerages launch crypto trading platforms.
Weiterlesen »