The timing is significant. The regulations arrive against a backdrop of rising crypto adoption across sub-Saharan Africa, recent government warnings about stablecoin risks to the rand, and a tightening crypto tax regime. For investors, the message is clear: the window of operating in a relatively unregulated environment in South Africa is closing. The public comment deadline is either June 10 or May 18, 2026, with confusion remaining over which date applies — but either way, the coming weeks represent the last meaningful opportunity for the industry to push back on the most aggressive provisions.