South Africa Government Draft Could Land You a $60,000 Fine and Five Years in Prison

By https://coinpedia.org/ on April 26, 2026

The post South Africa Government Draft Could Land You a $60,000 Fine and Five Years in Prison appeared first on Coinpedia Fintech News South Africa’s National Treasury has released a draft regulation that could force crypto holders to surrender their digital assets. The new draft allows officials to check phones for crypto apps and impose heavy penalties.Violators could face a 1 million rand ($60,480) fine and up to five years in prison, raising serious concerns across the industry. …

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