South Africa: Bank Drops Bitcoin Exchanges Citing ‘Regulatory Clarity’

(BTC) exchanges in South Africa will lose their banking support after a local bank confirmed it was closing their accounts.

As local internet magazine My Broadband reported on Nov. 19, FirstRand Bank (FNB) — one of the largest financial institutions in South Africa — sent letters regarding the move to an unspecified number of “major exchanges,” including Luno, ICE3X and VALR.

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