In this submission to the South African Reserve Bank, the Institute of Race Relations recommends that the draft Crypto-Asset Manual for Cross-Border Activities, and the regulations it is intended to accompany, should be withdrawn, and that the country’s antiquated exchange controls be repealed. The IRR says that instead of adding to an already crippling burden of regulation, the Government of National Unity should focus on fulfilling its promises to increase growth, reduce debilitating joblessness, counter poverty and put the country on the path to prosperity.
