
The SARB, in its infinite wisdom—or perhaps just in its stubbornness—filed an appeal on June 2, arguing that the High Court was oh-so-wrong to criticize their use of a law older than some of the cryptocurrencies they are now trying to control. According to Moneyweb, the bank claims Leo Cash and Carry was involved in some nefarious scheme to whisk away 4,400 bitcoins (because why not?), transferring them to Seychelles—an island paradise for crypto pirates, evidently. The bank wasn’t thrilled that the court decided crypto isn’t “real” money or foreign currency, as if they expected it to wear a badge and salute.