PANews April 24 news, the South African Treasury released the "2026 Capital Flow Management Regulations (Draft)", and is publicly soliciting opinions. The draft aims to restructure the current foreign exchange control framework based on the "Currency and Exchange Act", focusing on: aligning with recommendations from the Organisation for Economic Co-operation and Development (OECD) and the Financial Action Task Force (FATF) regarding anti-money laundering, counter-terrorism financing, and curbing illegal capital flows; for the first time including crypto-assets within the scope of foreign exchange control to enhance risk management and regulation; further clarifying exemptions, licenses, and applicable conditions; and introducing an administrative penalty mechanism for violations of the regulations. Opinions should be submitted via email to the designated address of the National Treasury within 30 days of the announcement.

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