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The law isn't new and expecting cryptocurrency to get a free pass. The guidelines for how to follow those laws make sense. If there is anything to be upset with, it is the law itself which is something that South Africans have had a long time to get changed.

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It isn't clear if its illegal to use ones Single Discretionary allowance (SDA) (1m ZAR per annum) or applying for and using a Foreign investment allowance (FIA) (further 10m ZAR per annum) for crypto.

If exchange control was applied fairly as was the interpretation up until recently, then staying below those amounts in ZAR terms would be fine. However, that may not be the case any more.

We have been trying to get it changed for DECADES, there has been numerous court cases.

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