🇿🇦#SouthAfrica has moved from treating #bitcoin🕊️ as a gray-area asset to bringing it under its exchange control framework, requiring prior approval for cross-border crypto transfers and exposing non-compliance to sanctions. The 2026 Budget Speech announced draft regulations under the Currency and Exchanges Act to include crypto assets in the capital flow management regime, reversing a 2025 High Court ruling that crypto did not fall within exchange control rules.
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