South Africa Extends Public Comment Deadline for Crypto Regulation to 2026

South Africa's National Treasury and the South African Reserve Bank (SARB) have announced a shift in focus towards regulating cross-border digital asset activities rather than restricting crypto holdings. According to ChainCatcher, the deadline for public comments on the draft Capital Flow Management Regulations has been extended to June 30, 2026. The authorities clarified that the proposed rules are not intended to criminalize crypto asset holdings and will not be applied retroactively. A draft handbook outlining the framework for cross-border crypto assets, including definitions of cross-border crypto transactions and the obligations of authorized crypto asset service providers, will be released in the future.