TechFlow to a report by IOL on May 26, the South African Treasury and the South African Reserve Bank (SARB) stated that they are shifting their focus in regulating crypto assets to rules governing cross-border digital asset activities, rather than restricting holdings themselves, and have extended the deadline for submitting public comments on the draft Capital Flows Management Regulations to June 30, 2026.
Both parties clarified that the proposed rules are not intended to criminalize the holding of crypto assets, nor will they be applied retroactively. A draft framework manual for cross-border crypto assets will be released subsequently, clarifying the definition of cross-border crypto transactions and the obligations of authorized crypto asset service providers.



