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 […]
Key Takeaways On May 15, the National Treasury defended its new crypto rules against claims of asset seizure in South Africa. Dawie Roodt warns that the harsh capital rules will backfire, driving 100% of local […]
Three members of the Brazil, Russia, India, China and South Africa (BRICS) economic bloc disposed of billions of dollars in US treasuries in one month, the most recent report from the U.S. Treasury Department shows. […]
Key Takeaways South Africa’s National Treasury and SARB extended the capital-flow comment deadline to June 30, 2026. VALR CEO Farzam Ehsani warned the draft rules risk reversing years of regulatory progress in the sector. Treasury […]
Key Takeaways MTI liquidators report $395.4 million in claims while only $35.8 million remains as of Feb. 18, 2026. FXChoice froze 1,281 Bitcoins in 2020, representing the bulk of the estate’s current recovery. MTI investigators […]
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