Regulated crypto exchanges in South Africa have put out Travel Rule announcements to their users alerting them of an important change in their operations.
Starting April 30 2025, all regulated crypto exchanges in South Afric are required to implement the Travel Rule, a global Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) requirement issued by the Financial Action Task Force (FATF).
South Africa is aligning with the global standards set by the Financial Action Task Force (FATF), an international body that combats financial crime.
G-7 Countries Agree to Step Up Efforts for Tighter Crypto Regulations Set by FSB and FATF Travel Rule
The G-7 has indicated it will follow the standards set by the FSB and acceleratedglobal efforts for the implementation of the FATF Travel Rulehttps://t.co/u4YsNjwmiw
— BitKE (@BitcoinKE) May 17, 2023
As of December 2022, South Africa’s Financial Sector Conduct Authority (FSCA) formally recognized crypto…
