July 9, 2025

exchange control

Crypto

Cryptocurrency and Exchange Control: The legal implications of Standard Bank of South Africa v South African Reserve Bank and others

Introduction In a groundbreaking decision handed down on 15 May 2025 in Standard Bank of South Africa v South African Reserve Bank and Others [2025] ZAGPPHC 481, the Gauteng High Court ruled that cryptocurrencies do not fall within the ambit of South Africa’s Exchange Control Regulations (Excon Regulations). Though currently suspended pending an appeal, the

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Crypto

Crypto not subject to exchange controls – for now

High court rules that crypto is not ‘capital’ or ‘currency’ under exchange control regulations. Cryptocurrencies are not subject to South African exchange control regulations, according to a recent Pretoria High Court case brought by Standard Bank against the South African Reserve Bank (Sarb). Cryptocurrencies do not constitute “capital” or “currency” under SA’s exchange control regulations. “This means

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