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South African Judge Torches Central Bank’s Crypto Crackdown—Using Apartheid-Era Laws
South African Judge Torches Central Bank’s Crypto Crackdown—Using Apartheid-Era Laws
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A high court judge just dropped a legal grenade on South Africa’s central bank—for dusting off apartheid-era regulations to stifle crypto innovation. Talk about fighting the future with relics from the past.
The ruling exposes the absurdity of using decades-old financial laws to police decentralized tech. Meanwhile, traditional banks keep fumbling their own digital asset plays—but hey, at least they’ve got regulators in their pockets.
One step forward for crypto, two steps back for bureaucratic overreach. The irony? These legacy frameworks couldn’t even manage the old financial system properly—now they’re trying to shackle the new one.
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