South African cryptocurrency guide

Cryptocurrency Regulation guide for South Africa

We've put together the latest updates on the law and cryptocurrencies below Cryptocurrencies and blockchain technology were not conceived when our current legislation was written, and they don't neatly fit any of the categories. 

The South African Reserve Bank recently issued this note : 

https://www.resbank.co.za/RegulationAndSupervision/FinancialSurveillanceAndExchangeControl/FAQs/Pages/VirtualCurrenciesCryptocurrencies.aspx

The key message is that cryptocurrency is not regulated and consumers may therefore lose their money without any legal redress.  Please also ensure you comply with all Foreign Exchange controls when purchasing cryptocurrency  detailed in the above link.