Title: South African Bank Blocks Crypto Payments, Faces Industry Backlash
Post by: Bitcoin on Oct 21, 2024, 03:48 pm
Post by: Bitcoin on Oct 21, 2024, 03:48 pm
South African Bank Blocks Crypto Payments, Faces Industry Backlash
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry players view this move as an attempt to restrict crypto trading. Crypto Payments Blocked […]
Source: South African Bank Blocks Crypto Payments, Faces Industry Backlash (https://news.bitcoin.com/south-african-bank-blocks-crypto-payments-faces-industry-backlash/)
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry players view this move as an attempt to restrict crypto trading. Crypto Payments Blocked […]Source: South African Bank Blocks Crypto Payments, Faces Industry Backlash (https://news.bitcoin.com/south-african-bank-blocks-crypto-payments-faces-industry-backlash/)