ChainCatcher report: The South African National Treasury and the South African Reserve Bank (SARB) have jointly released a draft handbook on Cross-Border Crypto-Asset Activities, currently open for public consultation until September 30, 2026. This handbook complements the previously issued draft Capital Flows Regulations 2026 and aims to strengthen oversight of cross-border financial activities while mitigating risks of illicit fund flows associated with crypto-assets. The handbook defines triggers for cross-border crypto-asset transactions: transfers between a domestic authorized CASP and a foreign CASP, or transfers from a domestic authorized CASP to a non-custodial wallet, constitute cross-border capital inflows or outflows and must be reported to the Financial Supervision Authority (FinSurv). Notably, at this stage, only individuals are permitted to conduct outbound crypto-asset transactions through authorized CASPs, within a single discretionary limit or foreign capital quota; South African entities are currently prohibited from such cross-border activities. Additionally, this handbook does not distinguish between different types of crypto-assets, nor does it recognize crypto-assets as official currency in South Africa.
South Africa Releases Draft Manual for Cross-Border Crypto Asset Regulations
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Summary
South Africa’s National Treasury and the South African Reserve Bank have released the 'Draft Manual for Cross-Border Crypto Asset Activities,' open for public comment until September 30, 2026. The document aligns with the 'Draft 2026 Capital Flow Management Regulations' and introduces reporting obligations for cross-border crypto transfers between domestic and foreign CASPs or to non-custodial wallets. Under the manual, crypto exchange regulations establish thresholds for Financial Surveillance reporting. Only individuals may send crypto abroad through authorized CASPs, subject to limits; entities are excluded. The manual does not define crypto asset classifications nor recognize crypto assets as legal tender.
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