South Africa’s Planned Crypto Curbs May Hit Deals Worth Millions

Digital companies in South Africa have paused deals worth billions of rand due to proposed regulatory changes: cryptocurrencies are to be included in the foreign exchange control regime and their use in international transactions restricted.

• Cryptocurrencies planned to be included in South Africa's exchange control regime
• Restrictions will affect cross-border settlements in digital assets
• Companies have paused deals worth billions of rand