TechFlow News: On April 24, South Africa’s National Treasury published the “Draft Capital Flow Management Regulations 2026” on April 17 for public consultation. The draft proposes incorporating crypto assets into the foreign exchange control framework to address associated risks and strengthen regulation of emerging financial instruments. Additionally, the draft aims to align the foreign exchange control framework with recommendations from the OECD and the FATF regarding anti-money laundering (AML), countering the financing of terrorism (CFT), and combating illicit financial flows. It also seeks to clarify exemptions, licensing requirements, and conditions of applicability, while imposing administrative penalties for violations.
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