South African digital-asset companies are pausing transactions worth millions of rand as the country considers proposed regulatory changes affecting cryptocurrencies. People familiar with the matter say companies have halted billions of rand in deals, linked to plans to bring crypto under South Africa’s exchange-control framework and tighten limits on how digital assets can be used for cross-border transactions.
Authorities are still reviewing industry feedback before any final rules are implemented. Moneyweb reports that at least three crypto deals have already been put on hold, totaling about R2.2 billion, while the consultation process continues. Across outlets, the core reported impact is a slowdown in deal-making driven by uncertainty over whether and how cryptocurrencies will be treated under exchange-control regulations, particularly for cross-border activity.
