
🇿🇦 South Africa is proposing new crypto rules that could force disclosures and restrict how digital assets are used. Draft regulations from the Treasury and Reserve Bank would require reporting of holdings above a set threshold and could allow authorities to compel conversion into rand. Investors may need approval to buy, sell, lend or transfer crypto above that level, with limits on cross-border use and payments. The rules would also expand powers to search, demand declarations and seize assets suspected of breaching controls. Follow: @europa



















