Key Takeaways Luno challenged South Africa’s draft capital flow rules in 2026, arguing the executive-led plan is unconstitutional. Restrictive rules could penalize CASPs up to 1 million rand, pushing South Africa’s crypto market underground. Next, Luno wants Parliament to enact a fair Act of 5 key rules to protect bitcoin and stablecoin innovation. Strict Enforcement and Steep Penalties Cryptocurrency exchange Luno has launched a formal challenge against a proposed overhaul of South Africa’s foreign exchange laws, arguing that the National Treasury’s plan to bring digital assets under an apartheid-era capital flow regime is unconstitutional because it bypasses Parliament. The challenge …