No retroactivity, no convictions, leaving enough room for the industry. Bitexen's CEO is right; compliance clarity is a hundred times stronger than regulatory panic.

South Africa's Ministry of Finance and the central bank are shifting towards a pragmatic approach to cryptocurrency regulation, planning to develop a cross-border digital asset framework and extend public consultation until June 30, 2026, with no retroactive application or penalties for existing convictions. A draft manual outlining the cross-border crypto transaction framework will be released, defining transaction components and service provider obligations. Bitexen South Africa CEO Mark Diuga stated that this move helps transition from fear to clarity regarding cross-border activities and compliance requirements.