South Africa may rethink crypto rules after thousands of public complaints
AI summary
South Africa's Finance Minister Enoch Godongwana said the government may reconsider its proposed cryptocurrency regulations after receiving thousands of public complaints. The draft rules had drawn a wave of pushback from the public, prompting regulators to signal a possible pivot. A softer or delayed regulatory framework could ease compliance concerns for South African crypto users and businesses, though nothing has been finalized.
