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South Africa may disallow crypto investments for pension funds
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ambcrypto.comSouth Africa features in the top 20 countries in the world, in terms of crypto adoption. Also, in a first, crypto trading in the country recently exceeded $141 million levels.
Having said that, a local report claimed that South African pension funds will be barred from including Bitcoin and other crypto offerings under new draft guidelines. If the proposal is accepted after the public-comment deadline on 12 November, no pension fund may “invest in crypto-assets directly or indirectly.”
Previously,
Read more on ambcrypto.comAbout this in other media
South Korea's leading blockchain facing greater competition in NFT market cointelegraph.com /2 years ago
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Lawmakers push back on crypto provisions in Infrastructure Bill cointelegraph.com /2 years ago
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