South Africa Crypto Firms Pause R2.2 Billion in Deals over Exchange Controls
At least 3 deals were paused as firms warned the draft would raise transaction costs and could affect billions of rand in tax revenue, executives said.
5 Articles
5 Articles
South Africa crypto firms pause R2.2 billion in deals over exchange controls
South African crypto companies have put at least R2.2 billion in deals on hold as proposed exchange control rules threaten to restrict how digital assets can be used for cross border transactions, according to people familiar with the matter. People…
South Africa’s Planned Crypto Curbs May Hit Deals Worth Millions
Digital-asset companies operating in South Africa have halted billions of rand in deals over proposed regulatory changes that would include cryptocurrencies under the country’s exchange-control regime and limit their use in cross-border transactions, people familiar with the matter said.
At least R 2.2 billion in crypto business operations in South Africa were put on hold for a proposal that would subject digital assets to tighter exchange controls. Industry warns that the framework could address cross-border transfers, divert legitimate activity abroad and open the door to legal disputes. *** South African crypto companies paused at least three transactions related to investment, business finance and treasury. The proposal woul…
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Cryptocurrency News | Cryptocurrency Prices | Market CapSouth Africa Eyes Crypto FX Controls After $135M Suspension
South Africa is planning to bring crypto assets under its foreign-exchange control framework, a regulatory shift that coincides with reports of approximately $135 million in crypto transactions being suspended by authorities, according to unconfirmed reports circulating as of September 2026.Read more...
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