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Why South Africa’s draft capital flow regulations could stifle blockchain innovation | SA News

David Robert Lewis|Published

NATIONAL TREASURY’S draft capital flow regulations contain a definition of “crypto asset” so broad it would capture green energy certificates, governance tokens, and loyalty points. Here’s why that matters – and what needs to change.

There is a particular type of odious regulatory error that is hard to spot from the inside. It isn’t malicious. It isn’t even careless. It is the error of writing a rule about a technology when you meant to write a rule about a risk. South Africa’s National Treasury has, in the Draft Capital Flow Management Regulations 2026, made exactly this mistake – and the consequences, if left uncorrected, will…

Nelson Mandela: Nelson Mandela, an anti-apartheid revolutionary, was
imprisoned for 27 years and became South Africa’s first black president in 1994.

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