South Africa Moves to Regulate Cross-Border Crypto Flows – Regulation Bitcoin News

South Africa Cracks Down On Crypto Flows

To stop illegal money transfers and follow worldwide standards, South Africa is stepping up its monitoring of Bitcoin transactions. The South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA) are working together to put in place a new set of rules by the end of 2025.  This action is in line with the Financial Action Task Force’s (FATF) suggestions, which focus on cross-border crypto asset flows and the work of Crypto …

South Africa Moves to Regulate Cross-Border Crypto Flows – Regulation Bitcoin News

Instead of creating a broad exemption framework for cryptocurrency exchanges, the South African central bank plans to release a new framework later this year focused on cross-border crypto asset transfers. Key Details of Proposed Framework South Africa is taking significant steps towards regulating cryptocurrency transactions, as highlighted by Finance Minister Enoch Godongwana’s recent statements. Rather […]

REGULATION | South Africa Reserve Bank to Publish Regulatory Framework in 2025 to Cover Business Activities for CASPs, Says Finance Minister

The Finance Minister of South Africa, Enoch Godongwana, has confirmed that the National Treasury has no plans to introduce a broad “cryptocurrency exchange control exemption framework,” signalling a cautious approach to digital asset regulation despite growing industry calls for reform. According to Godongwana, the South Africa Reserve Bank (SARB) intends to publish a framework in 2025 to cover business activities of crypto asset service provide…