South Africa’s Proposed Rules Would Ban Buying Bread With Bitcoin. MoneyBadger Wants Policymakers to Rethink
MoneyBadger, the payment provider powering Bitcoin acceptance at Pick n Pay and South African Airways, is warning that the SARB’s draft exchange control rules would classify any payment from a private Bitcoin wallet as prohibited, even when the buyer is simply paying for bread and the merchant receives rand. The public comment period closes today.
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