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Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox

Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox



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  1. tldr; South Africa’s Inter-governmental Fintech Working Group (IFWG) has accepted Mercury FX into the first cohort of its regulatory sandbox. Mercury is testing the regulatory treatment of crypto assets being used for effecting low-value cross-border remittances between South Africa and the UK and vice versa. The IFWG added that Mercury’s test run of its service will still be subject to certain limits prescribed by the relevant authorities.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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