
SARB proposes ARP regime to formalise alternative remittance channels
The draft ARP Manual introduces licensing, capital, and AML/CFT obligations for informal remittance providers.

The draft ARP Manual introduces licensing, capital, and AML/CFT obligations for informal remittance providers.

The case focuses attention on how the exchange control framework applies to crypto platforms that facilitate offshore trading through loans.

Until the appeal is resolved, the operation of the exchange control rules remains unchanged, and market participants should err on the side of compliance.

Legal experts anticipate a legislative response to plug the loophole and safeguard against large‐scale capital flight via digital assets.