The dangers of over-regulating crypto
Proposed new exchange-control rules could cripple South Africa’s crypto industry, undermine self-custody and push transactions offshore, warns MoneyBadger CEO Carel van Wyk.
writersroom.co.za
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Aug 28, 2026 at 4:01 AM UTC · 1 Min. Lesezeit
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BTC+0.86%$79,579
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The dangers of over-regulating crypto
Proposed new exchange-control rules could cripple South Africa’s crypto industry, undermine self-custody and push transactions offshore, warns MoneyBadger CEO Carel van Wyk.
You can also listen to this podcast on iono.fm here.
South Africa’s attempt to bring crypto into the regulated financial system risks veering into over-regulation, potentially driving both businesses and transactions beyond the reach of local authorities.
Bitcoin moved from $64,723 to $79,596.9 over the last 30-day period, a gain of 23.0 percent.
Source: Kraken · NewsLayer Markets · Updated in ein paar Sekunden
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The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.
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