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South Africa Extends Crypto Consultation Deadline to June 30, Clarifies No Ban on Holdings

GateNews

Regulation & Policy

2026-05-26 05:46:05

According to ChainCatcher, South Africa's National Treasury and Reserve Bank (SARB) announced on May 26 that they are shifting regulatory focus toward cross-border digital asset activities rather than restricting holdings themselves. The deadline for public comments on the draft Capital Flow Management Regulations has been extended to June 30, 2026. Both authorities clarified that the proposed rules do not aim to criminalize crypto holdings and will not apply retroactively. A cross-border crypto asset framework manual will follow, defining cross-border crypto transactions and obligations for authorized service providers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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