Key Takeaways On May 15, the National Treasury defended its new crypto rules against claims of asset seizure in South Africa. Dawie Roodt warns that the harsh capital rules will backfire, driving 100% of local users to cryptocurrencies and stablecoins. SA regulators will release a cross-border crypto manual next for public comment to define upcoming rules. The Push Toward Decentralized Tech South Africa’s continued reliance on exchange controls will push citizens toward cryptocurrencies and stablecoins unless the system is dismantled, Efficient Group director and chief economist Dawie Roodt has said. He said the blockchain technology has already made it easier …