15/06/2026
In a significant judgment for South Africa’s cryptocurrency market, the Johannesburg High Court ruled that Bitcoin constitutes “money” and “capital” under South African law.
The case centred on Mr Square Mangundhla, who moved just under 1,680 Bitcoin, purchased in South Africa and worth approximately R182 million, to Bitcoin wallets accessible through cryptocurrency exchanges registered outside South Africa.
The South African Reserve Bank viewed this conduct as the unlawful exportation of Bitcoin and, exercising its enforcement powers, declared the relevant Bitcoin assets forfeited to the State.
As featured in BusinessTech, Daily Investor, Metro FM and Polity.
Read the full article to understand what this landmark judgment means: https://bit.ly/4ejT3VB