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South African High Court Rules Bitcoin as Both 'Funds and Capital', Recognizes Application of Foreign Exchange Regulations

2026/06/05 10:32 (Updated 2026/06/05 12:01)
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Written by Austin Mwendia
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South African High Court Rules Bitcoin as Both 'Funds and Capital', Recognizes Application of Foreign Exchange Regulations

BTC Classified as 'Funds and Capital', Unauthorized Transfers Deemed Capital Export

The South African High Court on the 1st declared that Bitcoin falls under both 'funds' and 'capital' according to the country's foreign exchange control regulations. Presiding Judge Stuart Wilson addressed the case where cryptocurrency traders, Mr. Square Mangundla and Mr. Hungai Dangaiso, sought to overturn a confiscation order based on these regulations...

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Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.

MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.