Key Takeaways South Africa’s National Treasury and SARB extended the capital-flow comment deadline to June 30, 2026. VALR CEO Farzam Ehsani warned the draft rules risk reversing years of regulatory progress in the sector. Treasury will next publish a draft manual outlining which cross-border crypto transactions face controls. Modernizing Exchange Controls South Africa’s National Treasury and the South African Reserve Bank have sought to calm growing concern in the crypto industry, saying proposed changes to the country’s capital-flow regime are not intended to criminalize the possession of digital assets and will not apply retrospectively. The clarification follows a wave of …