At least R2.2 billion ($135 million) in South African crypto-related deals has been put on hold as draft capital-flow rules create uncertainty over cross-border digital-asset transactions. The proposed framework, which complements South Africa’s broader Capital Flow Management Regulations of 2026, would impose limits on person-to-person crypto remittances, require offshore transfers to use existing foreign-exchange allowances and subject crypto platforms to additional authorization and reporting requirements. Individual users would be limited to ZAR 5,000 a day and ZAR 25,000 a month for overseas remittances through crypto rails. Industry participants say the measures fail to reflect their feedback and could increase remittance costs, restrict corporate treasury management and shift activity into informal channels. The rules remain in draft form, while stakeholders have warned of potential legal action if they are adopted without significant changes.