Image Source: GiphyIn more crypto news, South Africa’s central bank has made it clear that sending crypto offshore is not just a crypto transaction; it’s the same as sending regular money across borders. The key distinction: The draft framework says that buying crypto with rand through a licenced local Crypto Asset Service Provider (CASP), transferring crypto between local CASPs, or selling approved crypto holdings back into rand would generally be treated as domestic, non-reportable activity. In other words, the Reserve Bank is not trying to ban crypto trading. The Reserve Bank appears to have heard that and responded: “Wonderful. That pushes local CASPs closer to functioning like gatekeepers for South Africa’s cross-border crypto flows, with reporting responsibilities that resemble those of traditional foreign exchange intermediaries.