South Africa Introduces Stricter Crypto Regulations

The South African government has released draft regulations that would bring cryptocurrency under its capital flow management regime.

The Draft Capital Flow Management Regulations 2026 would require residents to declare crypto holdings above a certain threshold set by the Minister of Finance. This includes Bitcoin and other cryptocurrencies, which must be reported within 30 days of surpassing the threshold.

Larger transactions could only be made through an authorized provider, while users would need permission from the Treasury to export cryptocurrency. The regulations also grant officials search-and-seizure powers at ports of entry and exit.