South Africa plans to include crypto assets in its foreign exchange control framework.

CoinFeed reported on April 24 that the South African Treasury has released a draft of the Capital Flows Management Regulations 2026 for public comment. The draft, based on the Currency and Foreign Exchange Act, proposes a restructuring of the existing foreign exchange control framework, focusing on: aligning with OECD and FATF recommendations on anti-money laundering, counter-terrorism financing, and curbing illicit financial flows; including crypto-assets within the scope of foreign exchange controls for the first time to strengthen risk management and oversight; further clarifying exemptions, licenses, and applicable conditions; and introducing administrative penalties for violations. Comments must be submitted by email to the designated address of the National Treasury within 30 days of the announcement.