SA High Court Rules Bitcoin as Capital Under Exchange Control Laws

• South Africa’s High Court upheld SARB’s R6m forfeiture tied to a 1,680 BTC transfer.
• The court ruled Bitcoin qualifies as both money and capital under exchange control laws.
• South Africa published draft Capital Flow Management Regulations for 2026.

The South Gauteng High Court in Johannesburg ruled that Bitcoin (BTC) is both capital and money under South Africa’s 1961 exchange control regulations. Judge Stuart Wilson dismissed an application by two crypto traders and upheld the South African Reserve Bank’s (SARB) forfeiture of nearly R6 million in assets against a trader who moved nearly 1,680 Bitcoin worth around R182 million.

South Africa’s High Court Rules BTC as Capital 

On June 1, 2026, the Gauteng High Court dismissed an application by cryptocurrency traders Square Mangundhla, the main applicant and co-applicant Fungai Dangaiso, to overturn SARB’s fo…

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