MEDPOLICYGPWCKZNECLPMPNWFSNC SAnews.gov.za
National Treasury and SARB have released a draft Crypto Assets Manual for cross-border activities, which will complement the draft Capital Flow Management Regulations 2026. This signals a tightening of regulatory oversight on crypto assets, aiming to curb illicit financial flows and regulatory arbitrage. For procurement, this means financial institutions will need to invest in compliance systems and advisory services, creating opportunities for suppliers in the fintech and compliance sectors.
Procurement teams in financial institutions and crypto-related businesses will need to budget for and acquire new compliance technologies, legal advisory services, and training to meet the upcoming regulations, while also monitoring the public comment process for potential adjustments.
A new draft regulatory framework for cross-border crypto transactions has been introduced for public comment, which will impose stricter compliance and reporting requirements on regulated entities.
This policy shift will ripple across the entire financial services industry, affecting banks, payment providers, and crypto exchanges. It will drive a wave of procurement for compliance solutions and could set a precedent for other African nations, influencing regional regulatory harmonization.
Suppliers of compliance software, transaction monitoring systems, legal advisory, and regulatory consulting services should monitor the finalization of these regulations. Tenders may follow for system upgrades, audits, and training as entities prepare for compliance.
Entities that fail to comply with the new cross-border crypto regulations may face penalties, reputational damage, and increased scrutiny from FinSurv, leading to potential debarment or restrictions on cross-border operations.
Excerpt reproduced for context. Tenders SA analysis is based on this public source. Read the full article at SAnews.gov.za.
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