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South Africa
Regulation News

Alert: Cryptocurrency Exchanges Bank Accounts to Be Shut in South Africa

The First National Bank (FNB), South Africa’s second-largest retail bank, has notified leading cryptocurrency exchanges in the country including Luno, ICE3X, and VALR, that it will shut down their bank accounts, a blow to one of Africa’s active cryptocurrency trading enclave. FNB cites fuzzy regulation around virtual currencies. South Africa Leads in Cryptocurrency Adoption in

The First National Bank (FNB), South Africa’s second-largest retail bank, has notified leading cryptocurrency exchanges in the country including Luno, ICE3X, and VALR, that it will shut down their bank accounts, a blow to one of Africa’s active cryptocurrency trading enclave. FNB cites fuzzy regulation around virtual currencies. South Africa Leads in Cryptocurrency Adoption in