Call to action: Support technology-neutral regulation for South Africa
Note: This text was sent in an email to VALR’s users in South Africa.
South Africa’s National Treasury and the South African Reserve Bank have published draft regulations which, if passed, could significantly impact you.
The 88-page draft proposal would affect South African resident individuals and entities:
Individuals: Transfers of crypto assets from personal wallets to South African crypto providers, like VALR, would be prohibited. You would still be able to withdraw crypto to your self-custodial personal wallet, but bringing those assets back to a regulated South African exchange would be “non-permissible”.
Businesses: Cross-border payments using crypto assets would be “non-permissible”. This would also prohibit businesses from using stablecoins to make cross-border payments faster, cheaper, and more transparent.
To engage constructively with policymakers, VALR has become a signatory to the Crypto Asset Taskforce for Advancing Sound, Technology-Neutral Regulation for Opportunity, Prosperity and a Healthy Economy (“CATASTROPHE”), joining many other businesses and individuals calling for more effective regulation.
You, too, can make your voice heard. Learn more and sign to support at catastrophe.co.za.
Sign to Support
Public comments close on 30 September 2026.
Individuals: Sign to support fair and proportionate regulation.
Businesses: Sign on behalf of your company and upload your corporate logo to be featured on the CATASTROPHE website.
The proposed regulations would dramatically impact VALR’s ability to serve you and would limit your ability to use crypto assets.
Your voice matters.
Kind regards,
The VALR Team
