A South African court has ruled that crypto transfers to foreign exchanges do not violate the country’s exchange control laws, setting a new legal precedent.
The case between Standard Bank and the Reserve Bank clarifies that crypto is not classified as “currency,” granting flexibility for offshore transfers and investments.
See more related: Crypto Payments Go Mainstream in South Africa
Why It Matters
This ruling strengthens South Africa’s position as one of Africa’s most progressive crypto jurisdictions, balancing innovation with compliance.
