FNB, one of the ‘big five’ South African bank is closing down accounts operated by crypto exchanges in the country. The bank, however, says the emergence of clear-cut cryptocurrency regulations in South Africa may trigger a reversal of the policy. FNB Calls for Clearer Regulations in South Africa In a letter quoted by South African tech news platform MyBroadband, FNB communicated its decision to cease offering services to cryptocurrency exchanges. Part of the letter reads:Read MoreThe post Major South African Bank Closes Crypto Exchange Bank Accounts appeared first on Bitcoinist.com.
