Recent Landmark Case and Emerging Crypto Regulations - Tax and Exchange Control:
The Need to Knows
Recent developments have confirmed that crypto assets are no longer operating in a regulatory grey area. A South African High Court ruling (Mangundhla and Another v South African Reserve Bank and Others (2022-029979) [2026] ZAGPJHC 579) has determined that Bitcoin constitutes “capital” for purposes of exchange control legislation, with enforcement consequences including the forfeiture of R6 million.
From a perspective of practicality, the timing could not be more apt, as National Treasury published the Draft Capital Flow Management Regulations, 2026 for public comment, on 17 April 2026. These draft regulations mark a significant regulatory tightening on the use and movement for crypto assets in South Africa, focused on managing capital flows through a risk-based approach.
Date:
23 June 2026
Time:
14:00 - 15:00
Platform:
Zoom
Cost:
R220
CPD Points:
1.0
Cost:
R220
CPD Points:
1.0
This practical webinar unpacks the evolving regulatory landscape surrounding crypto assets, including exchange control considerations and the increasing enforcement environment. As oversight becomes more structured, professionals can no longer assume that crypto activities fall outside regulatory reach.
Key topics
In this session, the following key topics will be discussed:
- Classification of crypto as “capital” under exchange control laws - evolving regulatory approach to crypto assets in South Africa
- Classification of crypto for tax purposes – capital vs gross income
- Practical implications of the Mangundhla ruling and recent SARS enforcement action
- Exchange control considerations for cross border crypto transactions / arbitrage trading
- SARS, SARB and regulatory perspectives on crypto assets – increased audit scrutiny
- Risks associated with non compliance and undeclared crypto activities – VDP relief and back-dated SARB approvals
- 00Days
- 00Hours
- 00Minutes
- 00Seconds
Who Should Join?
Tax Practitioner & Advisor
Accountants & Auditors
Compliance Officers
Legal Advisors
Finance Managers
Meet The Speakers
Jashwin Baijoo
Partner and Head of Strategic Engagement & Compliance
READ MORE
Jashwin Baijoo is a Partner and Head of Strategic Engagement and Compliance, at Tax Consulting South Africa (Pty) Ltd.
He holds both an LLB, and LLM degree, specializing in International Tax and Business Law, and is an admitted attorney of the High Court of South Africa.
Jashwin moved from pure practice of law to the consulting industry several years ago and has entrenched himself within the sphere of tax law, holding the designations of Master Tax Practitioner and Professional Tax Specialist (SA), whilst sitting on the SAIT Board of Directors.
With both practical litigation and consulting experience, Jashwin heads up the SARS Engagement segment of the business, including tax debt relief and SARS negotiations.
On the international tax side of things, Jashwin engages primarily on cases specifically dealing with the elements of cross-border taxation, corporate incorporations and compliance, and international regulatory applications.
John-Paul Fraser
Team Lead: Cross-Border Taxation
READ MORE
John-Paul Fraser is employed at Tax Consulting South Africa as the Team Lead: Cross-Border Taxation and is an Admitted Attorney of the High Court of South Africa, having completed his BCom Law Degree and LLB Degree.
He is in the process of being admitted to the office of Notary Public and is completing his Masters in Business Administration (MBA) through the University of Suffolk in England.
John-Paul specialises in cross-border investment and taxation and has found a passion in the technicalities and relief offered under the current international tax treaties as well as providing tailored and personal tax strategies for those ranging from the simplest of affairs all the way to complex cross-border tax planning.