The South African government has announced plans to introduce draft regulations that will bring cryptocurrencies into the country's formal capital movement framework. This move is expected to provide clarity on how digital assets are treated in one of Africa's largest economies.
According to officials, the objective is not to restrict innovation or prohibit crypto activity, but rather to align digital asset oversight with international financial standards. By integrating crypto into capital flow controls, authorities aim to ensure that cross-border digital asset movements are properly monitored.