TechFlow News, May 26: According to IOL, South Africa’s National Treasury and the South African Reserve Bank (SARB) announced they are shifting their regulatory focus on crypto assets toward rules governing cross-border digital asset activities—not restricting ownership itself—and have extended the public comment period for the draft Regulations on Capital Flows to June 30, 2026.
The two institutions also clarified that the proposed regulations do not intend to criminalize crypto asset ownership nor apply retroactively. A draft handbook outlining the cross-border crypto asset framework will follow, defining cross-border crypto transactions and specifying obligations for authorized crypto asset service providers.
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