South Africa: Draft regulations implementing cryptoasset reporting framework (CARF) and revising CRS rules
Both sets of regulations are proposed to become effective March 1, 2026.
The National Treasury and South Africa Revenue Service (SARS) on September 15, 2025, released draft regulations implementing the OECD cryptoasset reporting framework (CARF) and revising South Africa’s common reporting standard (CRS) rules to bring certain electronic money products and central bank digital currencies into scope, and to cover indirect investments in cryptoassets through derivatives and investment vehicles.
Both sets of regulations are proposed to become effective March 1, 2026.
Read a September 2025 report prepared by the KPMG member firm in South Africa