Introduction
On July 23, JANNIE ROSSOUW highlighted that draft regulations introduce a new structure of domestic control over crypto assets, resembling exchange control regulations rather than capital flow management.
Implications for Compliance Teams
This development matters for compliance teams at CASPs and exchanges as it may signal a shift in regulatory approach, potentially impacting the way crypto assets are managed and reported within the jurisdiction.
Practical Takeaway
Compliance teams should be aware of the potential for increased regulatory scrutiny and consider reviewing their current screening, monitoring, and reporting processes to ensure alignment with emerging regulatory frameworks. This is general educational information, not legal advice.
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