Cryptocurrency is legal in South Africa, where there is a relatively supportive regulatory environment for cryptocurrencies, and individuals and businesses can legally use cryptocurrencies. There are also several cryptocurrency exchanges and trading platforms operating in the country that the FSCA regulates. However, it must be noted that cryptocurrencies are not recognized as legal tender in South Africa, and their use and acceptance as a form of payment have yet to be widespread. South Africans can invest in crypto; individuals and businesses can buy, sell and trade cryptocurrencies through various exchanges and platforms.
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