SARB Flags Crypto and Stablecoins as Financial Stability Risk

[lingriiddd]

The South African Reserve Bank (SARB) has identified digital assets and stablecoins as a growing risk to the country’s financial system in its 2025 Financial Stability Report. The report highlights that combined users on South Africa’s three largest crypto exchanges reached 7.8 million as of July, with around $1.5 billion held in custody at the end of 2024. SARB warned that the borderless nature of crypto assets could circumvent Exchange Control Regulations, raising concerns for financial oversight.

[Rimon Khan]

SARB’s warning shows they’re becoming more cautious about crypto risks.

[Nahid Hossen]

Authorities always react when adoption grows quickly.