[South Africa Plans to Incorporate Crypto Assets into Foreign Exchange Control Framework] The South African Treasury has released the '2026 Capital Flow Management Regulations (Draft)' for public consultation. The draft, based on the 'Currency and Exchanges Act,' proposes a restructuring of the current foreign exchange control framework, with key focuses including: 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 illicit financial flows; incorporating crypto-assets into the scope of foreign exchange controls for the first time to enhance risk management and regulation; further clarifying exemptions, licensing, and applicable conditions; and introducing administrative penalties for violations of the regulations. Feedback must be submitted via email to the designated address of the National Treasury within 30 days of the announcement.