Monday, 3 August, 2026
Plugging the Leaks: South Africa Targets Off-Grid Crypto Capital
By TechShots Studio
South Africa’s National Treasury and Reserve Bank published draft rules to govern cross-border crypto transactions under national capital control laws. Designed to curb illicit financial flows and prevent capital flight, the framework requires licensed crypto providers to report transfers moving offshore or to private, non-custodial wallets. Individual transfers will also be restricted to existing foreign currency allowances.
Read full story at REUTERS