The draft manual provides clarity on the point at which crypto asset transactions are regarded as cross-border in terms of the draft regulations. (Image source: 123RF)
National Treasury and the South African Reserve Bank (SARB) are inviting interested parties to submit written comments on the draft Crypto Assets Manual for cross-border activities.
This follows the publication of the draft Capital Flow Management Regulations for public comment on 17 April and the joint media statement by National Treasury and the SARB on 15 May.
These addressed, among other matters, public concerns regarding the treatment, possession and trading of crypto assets, including the potential regulation of cross-border crypto asset transactions.
The…
