South African regulators are seeking to exercise more control over cryptocurrency trading, coming after the collapse of what was asserted to be the largest Ponzi scheme the country has ever seen.
Binance has launched a brand new fiat funding option for the Binance users in South Africa. The new fiat channel will act as both a fiat on- and off-ramp, allowing South Africans to deposit and withdraw funds to/from their Binance account using your local bank account.