#capital-controls

[rwatimes]

Asia's weekly TOP10 crypto news: Japanese Banks to Issue Stablecoin, HK Regulated Stablecoin Coming Mid-year, Investors Evade Controls via Stablecoins and Top10 News

MUFG Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank plan to jointly issue fiat-backed stablecoins in the 2026 fiscal year.

➤ Japanese banks are planning to jointly issue yen-backed stablecoins in FY2026, aligning with regulatory shifts that reclassify crypto as financial instruments. ➤ Hong Kong is set to launch its first regulated stablecoins by mid-2026 with a limited number of licenses, while Chinese investors are using stablecoins to bypass capital controls for US IPOs. ➤ Other news includes South Korea potentially taxing tokenized stocks, Malaysia dismantling a crypto scam targeting Chinese citizens, and Hong Kong issuing a large public digital bond.

[rwatimes]

South Africa’s Crypto Crackdown: What the New Draft Regulations Mean for Markets

Market Analysis by covering: . Read 's Market Analysis on Investing.com

➤ South Africa's National Treasury has proposed new draft regulations that would impose strict controls on cryptocurrency transactions, including approvals, declarations, and potential asset seizure. ➤ The proposed framework, which aims to modernize outdated 1961 exchange control regulations, has drawn sharp criticism from the crypto industry for being overly restrictive and potentially stifling innovation. ➤ Key concerns include the lack of a defined threshold for transactions, the broad enforcement powers granted to authorities, and the potential classification of local stablecoins and tokenized assets as foreign. ➤ The draft is open for public comment, and its final form will significantly impact South Africa's position as a leader in digital asset regulation and capital flows in the region.

[rwatimes]

Luno Calls for Fairer Framework as South Africa Reviews Crypto Capital Controls

Luno calls for fair crypto rules as South Africa reviews capital controls, warning proposals may limit users and slow growth

➤ Luno is urging South Africa to adopt a fairer regulatory framework for crypto assets, warning that proposed capital control changes could stifle adoption and growth. ➤ The National Treasury's draft regulations aim to modernize outdated exchange control rules but introduce stricter requirements, including mandatory declarations and potential transaction purpose approvals. ➤ Luno advocates for treating locally held crypto assets as domestic investments to avoid unnecessary cross-border restrictions and seeks a balance between preventing illicit activity and fostering digital economy growth.

[rwatimes]

Les Sud-Africains pourraient-ils être obligés de vendre leurs cryptos au gouvernement ?

L'Afrique du Sud révise sa gestion des flux de capitaux transfrontaliers en y intégrant les cryptomonnaies. On fait le point...

➤ South Africa is revising its capital flow management rules to include cryptocurrencies, aiming to modernize outdated legislation. ➤ The proposed changes could lead to mandatory buy-backs of certain crypto assets by the government if residents exceed imposed limits. ➤ This move aims to attract investment and increase oversight, but raises concerns about traceability and potential confiscation, drawing parallels to historical gold regulations.

[rwatimes]

Mandatory Reporting and Key Surrender Rules Emerge in New Crypto Oversight Draft - Crypto Economy

South Africa’s draft crypto framework would require asset declarations, key disclosure on demand, and tougher capital-flow controls.

➤ South Africa's draft crypto framework proposes strict regulations including mandatory asset declarations, key disclosure on demand, and capital-flow controls. ➤ The proposal grants officials the power to demand private keys, with non-compliance potentially leading to significant fines or prison sentences. ➤ Concerns have been raised regarding procedural confusion with comment deadlines and potential conflicts with constitutional rights like self-incrimination and property rights.

[rwatimes]

South Africa proposes rules could force sale of crypto, gold and foreign cash holdings

South Africa has proposed sweeping new financial rules that could require residents to declare certain holdings of cryptocurrency, gold and foreign currency, and in some cases sell them to the state or authorised dealers. South Africa has published draft regulations that could require residents t...

➤ South Africa has proposed new financial regulations that could require residents to declare and potentially sell holdings of cryptocurrency, gold, and foreign currency to the state. ➤ The draft regulations aim to modernize exchange-control rules and close loopholes, but critics argue they are overly broad and may face constitutional challenges. ➤ The proposals are being closely watched globally as governments grapple with regulating digital assets and private wealth in the digital era.

[rwatimes]

South Africa draft bill would tighten crypto capital controls

South Africa’s National Treasury has published draft rules that would bring cryptocurrency transactions under the country’s capital flow regime, requiring some holders to declare digital asset holdings and routing certain transactions through authorized providers or Treasury-approved channels.Publi…

➤ South Africa's National Treasury has proposed new draft regulations to bring cryptocurrency transactions under its capital flow management regime. ➤ The bill requires holders above a certain threshold to declare digital assets and may restrict certain transactions to authorized providers or Treasury-approved channels. ➤ Stricter enforcement, including border declarations and potential penalties of fines and imprisonment, is outlined, with a short public comment period causing concern among industry participants.

[rwatimes]

South Africa Unveils Comprehensive Crypto Asset Control Framework in New Treasury Legislation

South Africa's new Treasury bill establishes strict crypto asset reporting requirements, border controls, and penalties for unauthorized digital currency transfers.

➤ South Africa's new Treasury bill introduces strict reporting requirements and border controls for cryptocurrency holders, integrating digital assets into the nation's capital control system. ➤ The legislation mandates formal registration of digital asset holdings above certain thresholds and requires specific transactions to go through approved intermediaries or obtain government authorization. ➤ Significant penalties, including substantial fines and potential imprisonment, are established for non-compliance, unauthorized transfers, and undeclared digital asset movements.