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Reserve Bank proposes strict laws for cross-border crypto transactions
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Sunday World
The Draft Crypto Assets Manual outlines how Crypto Asset Service Providers (CASPs) would be authorised, supervised and required to report cross-border crypto transactions to regulators.
The manual must be read alongside the draft Capital Flow Management Regulations published for public comment in April 2026.
Only authorised crypto service providers to facilitate transactionsUnder the proposed framework, only authorised crypto service providers would be allowed to facilitate transactions that are deemed to be imports or exports of capital through crypto assets.
Category One providers would be allowed to facilitate certain remittance transactions using crypto assets as a settlement mechanism.
Cross-border crypto asset movementA key feature of the proposal is the treatment of crypto asset movements across borders as capital flows.