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Friday, October 23, 2026Updated 10:29 UTC

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South Africa Backtracks on Controversial Crypto Rules After Backlash

Source: Bitcoin News · Oct 23, 2026 07:30 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

South Africa’s Finance Minister Enoch Godongwana indicated that the government may reconsider its proposed cryptocurrency regulations following thousands of public complaints. Regulatory Pivot Following Public Pushback South African financial regulators are rethinking controversial draft proposals to regulate cryptocurrencies following a wave of public pushback, Finance Minister Enoch Godongwana s

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