Key Takeaways:
National Treasury and SARB extended the draft regulations comment deadline to June 30, 2026, after a backlash.Luno CEO Lanigan warns the rules could block firms from using a $33 trillion global stablecoin payment market.Regulators will soon release a draft manual to define cross-border crypto actions and clear up gray areas.The primary frustration for industry stakeholders is that regulators are asking for feedback on rules without providing the actual operational context.
As global financial titans like Blackrock, JPMorgan Chase, Visa and Société Générale rapidly migrate infrastructure on-chain, South Africa stands at a regulatory crossroads.
