On April 17, 2026, South Africa’s National Treasury and the South African Reserve Bank published draft Capital Flow Management Regulations that, for the first time, formally include crypto assets in the framework for managing money moving across borders, replacing regulations dating back to 1961. This move follows a 2025 High Court ruling that identified a regulatory gap regarding cross-border cryptocurrency transactions. Crypto assets are now subject to the same oversight regime as traditional financial instruments, with non-compliance penalties reaching up to R1 million (approximately $55,000) or up to five years imprisonment. The public comment period runs until June 30, 2026. These regulations align with global FATF standards and build on South Africa’s existing licensing regime for Crypto Asset Service Providers.
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