
SARB adds crypto and stablecoins to new financial-stability risk category
Top domestic Bitcoin wallets moved nearly R63bn offshore since 2019, spurring the SARB and Treasury to develop a cross-border crypto transaction framework.

Top domestic Bitcoin wallets moved nearly R63bn offshore since 2019, spurring the SARB and Treasury to develop a cross-border crypto transaction framework.

The SARB will publish targeted frameworks to govern cross-border crypto flows and CASP reporting, says the Minister of Finance.

While South Africa is on track to exit the grey list by October, National Treasury emphasises the importance of long-term improvements and continuous progress in financial regulation.