South Africa Drafts Cross-Border Crypto Rules, Seeking Public Comment by September 2026

National Treasury and SARB release draft manual regulating cross-border crypto flows, mandating FinSurv reporting for CASP transfers while restricting individual outbound limits.

Woofun AI reports that the South African National Treasury and the South African Reserve Bank have published the "Draft Manual on Cross-Border Crypto Asset Activities" for public consultation until September 30, 2026. Aligned with the "Draft Regulations on Capital Flow Management 2026", the framework targets illicit fund flows by defining cross-border triggers, such as transfers between domestic and foreign authorized CASPs or to unmanaged wallets, which require reporting to the Financial Surveillance Department.

The manual stipulates that individuals may only execute outbound crypto operations via authorized CASPs within specific discretionary or foreign capital limits, while prohibiting South African entities from such cross-border activities.

Furthermore, the draft does not distinguish between crypto asset classes nor recognize them as official currency.