South Africa Moves to Regulate Cross-Border Crypto Transfers
Key Highlights South Africa’s draft crypto cross-border framework imposes strict daily (ZAR 5,000) and monthly (ZAR 25,000) limits on person-to-person remittances via crypto rails, while standard Web3 transfers require individuals to use existing SDA (R2 million) or FCA (R10 million) allowances with SARS tax clearance. Crypto Asset Service Providers (CASPs) must obtain separate cross-border authorization ...