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South Africa’s National Treasury and central bank have assured the crypto industry that proposed capital-flow regulations will not criminalize digital asset ownership or apply retrospectively. Modernizing Exchange Controls South Africa’s…
Liquidators of Mirror Trading International, a massive South African crypto pyramid scheme, have received over 9,441 claims totaling nearly $395 million. Shrinking Assets and Rising Legal Costs Liquidators overseeing the…
A new report by Discovery Bank and Visa highlights a major shift in South Africa’s financial landscape, as cryptocurrency matures from a speculative trend into a mainstream investment class. Key…
Industry leaders and financial experts have issued a sharp rebuke of the South African National Treasury’s Draft Capital Flow Management Regulations 2026, calling the proposal a regressive move that mirrors…
South Africa’s proposed capital flow management regulations 2026 introduce strict new requirements for travelers entering or leaving South Africa with cryptocurrency. Key Takeaways South African Treasury draft rules require visitors…
Eskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced plans to sell excess electricity generated during the…
Economist Dawie Roodt has issued a warning that central bank digital currencies could become tools for authoritarian control due to their “programmable” nature. The Authoritarian Risk South African economist Dawie…
South African crypto-asset service providers must now transmit detailed transaction data directly to the revenue collector, allowing for precise automated reconciliation and targeted audits. The End of the ‘Offshore Shield’…
South African Finance Minister Enoch Godongwana has announced plans to end the country’s crypto regulatory vacuum by drafting new rules to integrate digital assets into the national capital flow management…
A consortium of South African firms has launched ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the local currency. Transparency and Reserve Management A consortium of South African financial and…