Crypto Policy Monitor

Instrument: consultation

5 entries.

April 2026
South Africa · consultation · consultation · 17 Apr 2026

Draft Capital Flow Management Regulations: crypto formally enters SA's exchange control regime

Gazetted on 17 April 2026 (Government Gazette No. 7375), the Draft Capital Flow Management Regulations replace the Exchange Control Regulations of 1961 in their entirety and bring crypto assets into South Africa's capital flow framework for the first time: crypto is expressly defined as capital, cross-border transfers above prescribed thresholds must run through an authorised crypto asset service provider, and an administrative penalties regime attaches. The draft also legislatively reverses the May 2025 Standard Bank ruling that crypto fell outside the 1961 regulations. It is the structural counterpart to FSCA licensing, CARF data-sharing (effective 1 March 2026) and FIC's Travel Rule guidance. Re-verified 6 July 2026: the comment deadline, originally 18 May, was extended to 30 June at stakeholders' request and has now closed. Final form pending.

capital-controls · securities-regulation deadline 30 Jun 2026
Nigeria · consultation · concluded · 14 Apr 2026

SEC Nigeria proposes ₦7.5bn capital floor for Free Trade Zone entities seeking market access

A rules exposure draft set a minimum paid-up share capital of ₦7.5 billion for Free Trade Zone Entities seeking to list or offer shares on the Nigerian capital market, with a two-week comment window. FTZEs include technology, payments and blockchain infrastructure operators, so the capital floor quietly shapes which digital asset businesses can reach Nigerian public markets at all. The comment window closed in late April; the finalised rule is the thing to watch.

Kenya · consultation · concluded · 10 Apr 2026

Kenya VASP Regulations: public participation closes, final text expected Q2 2026

Public participation on the Draft VASP Regulations 2026 closed on 10 April. The Treasury's multi-agency task force, with CBK and CMA, moved to finalisation, with Cabinet approval and gazettement anticipated in Q2 2026. The framework covers licensing, capital, solvency and insurance requirements. With the Section 47 compliance deadline fixed at 4 November 2026, the gap between final regulations and the deadline is the entire licensing runway Kenyan VASPs will get. Re-verified 6 July 2026: the anticipated Q2 gazettement did not happen. The final text remained ungazetted, and the runway between final rules and the 4 November deadline is now under four months and shrinking.

vasp-licensing deadline 4 Nov 2026
March 2026
Kenya · consultation · consultation · 17 Mar 2026

Kenya publishes Draft VASP Regulations 2026 for consultation

The National Treasury circulated the Draft Virtual Asset Service Providers Regulations, 2026 on 17 March. It is the first implementing instrument under the VASP Act 2025, published with a Regulatory Impact Statement and a multi-agency task force behind it. The draft sets licensing and authorisation processes for all VASP categories, including exchanges, custodial wallets and payment processors, and writes FATF Recommendation 15 and Travel Rule requirements into the Kenyan framework. Strong Travel Rule implementation also supports Kenya's argument for exiting FATF increased monitoring. The regulations, not the Act, decide what compliance actually costs; capital requirements and licensing categories land here. Re-verified 6 July 2026: comments closed 10 April and the final regulations had not been gazetted as of this date.

February 2026
UEMOA (8 states) · consultation · consultation · 28 Feb 2026

BCEAO surveys fintechs on crypto: first regulatory movement across the eight-state UEMOA bloc

At the end of February 2026 the BCEAO circulated a questionnaire to fintech operators on possible uses of cryptocurrencies in the regional financial system, the first known crypto survey from the central bank of the eight-member UEMOA zone (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo). The BCEAO has never issued a formal crypto directive and licenses no VASPs, so a pre-consultation instrument is a genuine posture change: from silence to intelligence-gathering. Whatever framework follows will apply simultaneously across all eight states. One regulatory event, eight markets. Reported in French by Jeune Afrique; the questionnaire itself has not been published. Translation ours. Re-verified 6 July 2026: the posture change accelerated. On 8 May the BCEAO convened an international conference on crypto-assets in Dakar (cpm-2026-0026).