Crypto & Exchange Control in South Africa: Part 1 – Neither Capital Nor Currency
Introduction In May 2025, the Pretoria High Court delivered a significant judgement declaring that cryptocurrencies do not fall within the scope of the South African Reserve Bank’s Exchange Control Regulations. This judgement was made in the case of the Standard Bank of South Africa v. the South African Reserve Bank & others and set aside […]
EU’s Digital Operational Resilience Act (DORA): What It Means for Financial Entities
Compliance with the EU Digital Operational Resilience Act (DORA) 2023 commenced on January 17, 2025. DORA, which addresses a critical gap in the EU’s financial regulatory framework, aims to strengthen the digital operational resilience of financial entities. In an era where cyber threats have become more sophisticated and financial services increasingly digitized, the previously fragmented […]
EU’s Simplification Omnibus Proposal Aims to Enhance Business Competitiveness
On February 26, 2025, the European Commission unveiled the Simplification Omnibus, a comprehensive proposal designed to streamline regulatory requirements related to corporate sustainability reporting and supply chain transparency. The Simplification Omnibus amends the following Directives: This initiative seeks to boost Europe’s global competitiveness by reducing bureaucratic hurdles faced by businesses, potentially saving European companies approximately […]
Draft Regulation for Buy-Now-Pay-Later (BNPL) Services in the UK
On October 17, 2024, the UK government published a draft regulation[1] consultation for BNPL, as it plans to regulate the BNPL sector. BNPL has become more popular as consumers seek an easy way of lending in recent years. The BNPL market in the UK is projected to grow from £29.85 billion ($38.76 billion) in 2024 […]
Canada Imposes New Policy on Streaming Services.
On June 4, 2024, the Canadian Radio-television and Telecommunications Commission (CRTC) in a significant move to bolster Canadian content creation, issued Broadcasting Regulatory Policy 2024-121. This Policy requires foreign streaming platforms, such as Netflix, to allocate 5% of their Canadian revenue to support and promote the production of local Canadian content.[1] The Policy which came […]
