🌍 The South African Financial Intelligence Centre has issued Directive No. 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions starting from April 30, 2025. This initiative aims to help South Africa escape the FATF's grey list, enhance the country's reputation, and reduce the cost of financial transactions. 💰 Stricter information collection requirements apply for transaction amounts exceeding $277. Altify CEO Sean Sanders supports this but questions whether this threshold is the lowest in the world. What does everyone think? Feel free to share your views in the comments!