South Africa Plans to Include Crypto Assets in New Foreign Exchange Control Framework

BroadChain learned that on April 24 at 21:16, the South African Ministry of Finance recently released a draft of the "2026 Capital Flow Management Regulations" for public consultation. Based on the "Currency and Foreign Exchange Act," the draft proposes to restructure the existing foreign exchange control system, with core contents including: for the first time, incorporating crypto assets into the scope of foreign exchange controls to strengthen risk management and supervision; following OECD and FATF recommendations on anti-money laundering, counter-terrorism financing, and curbing illegal capital flows; further clarifying exemptions, licenses, and applicable conditions;

and introducing administrative penalties for violations. The public is required to submit comments via email to the designated address of the Ministry of Finance within 30 days after the announcement.