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Deep Tide TechFlow news: On May 26, according to IOL, South Africa’s National Treasury and the South African Reserve Bank (SARB) said they are shifting the focus of cryptocurrency regulation to rules governing cross-border digital asset activities, rather than restricting holdings themselves, and they have extended the deadline for public comments on the Draft Capital Flow Management Regulations to June 30, 2026.
Both sides also clarified that the proposed rules are not intended to make cryptocurrency holdings illegal and will not be applied retroactively. A subsequent draft manual for the cross-border crypto asset framework will be released, clarifying the definition of cross-border crypto transactions and the obligations of authorized crypto asset service providers.