Legal standoff over Bitcoin transfers in South Africa
Experts from law firm Cliffe Dekker Hofmeyr have cautioned businesses about how to handle certain cryptocurrency transactions while a critical issue remains unresolved by the courts.
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cryptocurrency | Financial Sector Conduct Authority (FSCA) | Judge Stuart David James Wilson | Luno | Mandlenkosi Percival Motha | South African Reserve Bank (SARB)
Judge vs Judge: “Clearly wrong” court ruling about Bitcoin in South Africa
South Africa’s courts are divided on whether Bitcoin is money for exchange control purposes. Judge Stuart Wilson ruled that Judge Mandlenkosi Motha’s previous finding that Bitcoin is not money was “clearly wrong”.