The Reserve Bank and National Treasury wasted taxpayer money — Crypto group

• The Reserve Bank and National Treasury wasted taxpayer money on procedurally flawed cryptocurrency regulations, according to the BitcoinZAR Advocacy Group.
• The draft Crypto Assets Manual for cross-border activities was published despite the underlying Capital Flow Management Regulations remaining unfinished, sparking criticism from the advocacy group.
• The BitcoinZAR Advocacy Group has demanded the withdrawal of the draft manual, citing concerns over the principle of legality and rationality, and calling for transparent public consultation before finalizing the primary regulations.