Apr 28, 2026
South Africa’s Crypto Future at Stake as Luno Fights for Balanced Regulations
RegulationCapital Flow ManagementCrypto Asset Service ProviderCrypto ComplianceExchange Control FrameworkLunoNational Treasury South AfricaSouth Africa Crypto RegulationsSouth Africa Fintech
TLDR: South Africa’s draft Capital Flow Management Regulations propose approval requirements for all crypto transactions above a set threshold. Luno is preparing a formal submission urging the National Treasury to classify locally held crypto assets as onshore assets. The draft rules require users to declare all crypto holdings within 30 days of the regulations taking [...]
The post South Africa’s Crypto Future at Stake as Luno Fights for Balanced Regulations appeared first on Blockonomi.
Source: Blockonomi →Related News
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