South Africa Proposes Strict Crypto Capital Controls Under New Regulations South Africa’s National Treasury released draft regulations bringing crypto under capital controls.
South Africa Proposes Strict Crypto Capital Controls Under New Regulations South Africa’s National Treasury released draft regulations bringing crypto under capital controls. Crypto transactions above a threshold must go through authorized providers, cross-border transfers require approval, and foreign holdings must be declared.
Authorities can block or forfeit crypto assets for violations, with penalties up to R1 million or five years in prison. — link