Topic Archive

#South African Reserve Bank

2 Stories Found

Coins•Oct 7, 2026

FNB Launches Crypto Trading for Nearly 9 Million Clients in South Africa

Key Highlights First National Bank (FNB) has introduced cryptocurrency trading starting from as low as R10 (approximately $0.60), operating 24/7 across several existing investment platforms. Assets remain confined strictly within FNB’s closed ecosystem to comply with South African exchange-control regulations and protect users from wallet scams. The bank’s move follows rising domestic demand and a ...

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Coins•Sep 21, 2026

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 ...

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