A draft version of the Crypto Assets Manual for cross-border activities has been made available for public review by the South African Reserve Bank (SARB) and the South African National Treasury. The main goal of […]
Key Takeaways Digital Currency Group subsidiary Luno reduced its staff by 20% to build a leaner operational model. Retail trading drops drove Luno’s second major workforce reduction, following a 35% cut in January 2023. Luno […]
Key Takeaways Luno challenged South Africa’s draft capital flow rules in 2026, arguing the executive-led plan is unconstitutional. Restrictive rules could penalize CASPs up to 1 million rand, pushing South Africa’s crypto market underground. Next, […]
Key Takeaways Mayor Hill-Lewis joined Cape Town police in an operation to impound luxury cars with fake registrations. Fraudulent crypto syndicates are using Tiktok to flaunt assets, impacting South Africa’s digital market. A report showed […]
Key Takeaways On July 1, 2026, SARS published a draft guide establishing foundational tax rules for crypto assets. Up to 6 million local traders face tight SARS audits and tax rates ranging from 18% to […]
Unlike many of his previous wagers, Drake’s most recent gamble turned out to be a winning one. The Canadian musician Aubrey Drake Graham, better known as Drake, placed a sizeable crypto wager on a […]
Key Takeaways SARB has paused the digital rand rollout due to system efficiency and user privacy trade-offs. Expanding private stablecoins may bypass SA regulations, eroding the rand’s value and monetary authority. SARB will next focus […]
Key Takeaways National Treasury and SARB extended the draft regulations comment deadline to June 30, 2026, after a backlash. Luno CEO Lanigan warns the rules could block firms from using a $33 trillion global stablecoin […]
Key Takeaways Judge Wilson ruled on June 1 that Square Mangundhla’s 1,680 bitcoins were lawfully seized as capital. The decision clashes with a May 2026 SARB and FSCA statement denying crypto’s status as legal tender. […]
Key Takeaways On June 2, 2026, the SARB and FSCA declared that crypto assets and stablecoins are not legal tender. Wider adoption of crypto could risk NPS disruption and system stability, per economists. Next, the […]
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