REGULATION | South Africa to Revise Proposed Crypto Rules After Industry Backlash

South Africa will revise proposed regulations governing cross-border cryptocurrency transactions after receiving thousands of public comments, Finance Minister, Enoch Godongwana, said. In mid-2026, the National Treasury and the South African Reserve Bank (SARB) invited interested parties to submit written comments on the draft Crypto Assets Manual for cross-border activities (draft Manual). PRESS RELEASE | National Treasury, South African Reserve Bank Invite Comments on the Crypto Assets Manual for Cross-Border Activities Draft The draft rules, developed by the National Treasury and South African Reserve Bank, sought to bring crypto transfers under the country’s exchange-control framework to improve oversight of capital flows…