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South Africa plans to include cryptocurrencies in the foreign exchange control framework
BlockBeats News, April 24 — South Africa’s National Treasury released the “2026 Capital Flows Management Regulations (Draft)” for public consultation. The draft proposes to include crypto assets within the foreign exchange control framework to address related risks and strengthen regulation of emerging financial instruments. It also plans to align the foreign exchange control framework with recommendations on combating money laundering, terrorist financing, and illegal capital flows, while further clarifying exemptions, licensing, and applicable conditions, and imposing administrative penalties for violations of the regulations.