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Crypto Havens Lure Firms Fleeing South Africa Regulator Fear Bloomberg 3/9/2021 Loni Prinsloo and Roxanne Henderson (Bloomberg) -- The world’s biggest cryptocurrency scam of last year was a jolt to South Africa’s regulator -- and not everyone will wait to see how it shakes out. Popular Searches As major financial hubs like Singapore redraw legislation to lure crypto firms and with the U.K. government facing calls to embrace digital currencies, South Africa’s burgeoning exchanges say they are having to move headquarters abroad due to uncertainty over potential governmen...

Financial hubs like Singapore and UK are redrawing rules to lure crypto firms as digital currencies go mainstream.

SA authorities “have been incredibly slow in terms of regulation in the industry and that leads to businesses looking internationally,” Revix CEO Sean Sanders said.

The world’s biggest cryptocurrency scam of last year was a jolt to South Africa’s regulator – and not everyone will wait to see how it shakes out.

Delivering a sign of confidence even with the continent’s vaccine plans at an early stage.