Luno warns draft crypto rules could breach IMF commitments
The proposed cross-border crypto manual treats stablecoin payments as capital flows, which Luno says conflicts with South Africa’s IMF obligations…
The South African Reserve Bank (SARB) is the country’s central bank, responsible for monetary policy, setting the repo rate, and safeguarding financial stability. It is independent of the national government by law.
The proposed cross-border crypto manual treats stablecoin payments as capital flows, which Luno says conflicts with South Africa’s IMF obligations…