Treasury and SA Reserve Bank Draft Cross-Border Crypto Rules

South Africa proposes reporting rules for cross border crypto transfers

South Africa has proposed new rules requiring cross-border crypto transfers to pass through authorized providers and be reported to the central bank, expanding the country’s effort to bring digital assets under its financial control framework. According to local media, South…

Treasury and SA Reserve Bank draft cross-border crypto rules

South Africa took a step on Monday, 3 August, toward bringing cryptocurrency into its financial rulebook, releasing draft guidelines that for the first time spell out when moving crypto across borders becomes a regulated and reportable event.

South Africa issues draft rules for cross-border crypto

By Colleen Goko JOHANNESBURG, Aug 3 (Reuters) - South Africa took a step on Monday toward bringing cryptocurrency into its financial rulebook, releasing draft guidelines that for the ​first time spell out when moving crypto across borders ‌becomes a re...

South Africa Proposes New Rules for Cross-Border Crypto Transfers

South Africa has proposed new reporting rules that would, for the first time, classify certain cryptocurrency transfers as cross-border transactions.

Reserve Bank proposes strict laws for cross-border crypto transactions

The South African Reserve Bank (SARB)’s Financial Surveillance Department (FinSurv) has published a draft framework that would bring cross-border crypto asset transactions under South Africa’s system for managing capital flows – marking one of the country’s most significant regulatory interventions in the digital asset sector. The Draft Crypto Assets Manual outlines how Crypto Asset Service Providers (CASPs) would be authorised, supervised and r…