South Africa's Nedbank no longer opens new accounts for crypto-related companies

According to foreign media news on January 25, South African crypto media reported that South Africa ’s Nedbank plans to close crypto exchange bank accounts, but the CEO of South African cryptocurrency trading platform AltcoinTrader pointed out that this is media hype. Opened new accounts for crypto-related companies, but they did not close current accounts. As banks withdraw their support for South African crypto trading platforms, industry stakeholders have said that the government needs to develop clear cryptocurrency regulations.