South Africa has released draft requirements to guide crypto cross-border transfers in the region. The move has drawn reactions from crypto industry …
Africa
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Regulation
South Africa crypto firms pause R2.2 billion in deals over exchange controls
by shayaanby shayaanSouth African crypto companies have put at least R2.2 billion in deals on hold as proposed exchange control rules threaten to restrict …
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The FSCA South Africa has initiated regulatory actions against senior officers of Altvest Limited, now rebranded as Africa Bitcoin Corporation. This enforcement …
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FSCA South Africa announced enforcement actions against Banxso as detailed in their 2025/2026 Regulatory Actions Report. This report emphasizes the regulatory outcomes …
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South Africa’s National Treasury and the South African Reserve Bank (SARB) have published a draft rule that, for the first time, sets …
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Regulation
Luno Pushes South Africa to Rewrite Crypto Rules Through Parliament, Not Proclamation
by shayaanby shayaanStrict Enforcement and Steep Penalties Cryptocurrency exchange Luno has launched a formal challenge against a proposed overhaul of South Africa’s foreign exchange …
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Regulation
SARS Pushes New Crypto Tax Rules for 6 Million Users as Audits Ramp up Across South Africa
by shayaanby shayaanSARS Targets Six Million Users The South African Revenue Service (SARS) has released guidance on the taxation of crypto assets, a major …
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Markets
Ripple invests in Flutterwave, pushing its stablecoin and XRP Ledger into payments across Africa
by shayaanby shayaanThe deal values Flutterwave at $3.2 billion, and will integrate Ripple’s RLUSD and the XRP Ledger network to speed cross-border payments across …
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Finance
Luno CEO James Lanigan Warns $33T Stablecoin Boom Could Bypass South Africa
by shayaanby shayaanLuno CEO James Lanigan warned that South Africa’s proposed Capital Flow Management Regulations could severely harm the country’s economic competitiveness by restricting …
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Regulation
South Africa Treasury Extends Crypto Compliance Deadline to June 30
by shayaanby shayaanIn South Africa crypto regulation news, the National Treasury and the South African Reserve Bank extended the public comment deadline for draft …