Following the tax updates released earlier this year, National Treasury and the SARB published a new joint draft framework:
- Draft Crypto Assets Manual: Released on August 3, 2026, the new draft manual outlines strict administrative rules for cross-border crypto asset transactions.
- Oversight Expansion: Designed to complement the Financial Surveillance Department (FinSurv) oversight, the framework sets explicit permissions and licensing requirements for Authorised Crypto Asset Service Providers (CASPs).
- Strategic Impact: The measure aims to eliminate regulatory arbitrage and curb illicit capital flight, requiring corporate treasuries and private asset managers utilizing digital assets to implement compliance frameworks for cross-border flows.