Odaily Planet Daily News: The South African Financial Intelligence Center (FIC) has proposed a directive on the transfer of crypto assets. The directive follows the South African Financial Sector Conduct Authority's licensing of 75 crypto asset service providers (CASPs). FIC aims to tighten supervision by requiring CASPs to implement more detailed and stricter requirements for digital transactions. The scope of the directive applies to institutions that facilitate domestic or cross-border transfers of crypto assets. CASPs acting as intermediaries must comply with the new "travel rules," which require the exchange of specific transaction details. The goal is to strengthen the detection of illegal digital crypto transactions, but there are still concerns about centralization and data privacy risks when sharing sensitive information with external crypto exchanges. (Bitcoin.com)