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Afghanistan vs South Africa

Crypto regulation comparison

← Back to map | Afghanistan | South Africa
Afghanistan

Afghanistan

South Africa

South Africa

Banned
Legal

Afghanistan effectively banned cryptocurrency in August 2022 under Taliban rule, declaring crypto 'haram' (forbidden). Authorities shut down 16 crypto exchanges in Herat and arrested traders. In 2024, enforcement intensified with provincial bans and public denouncements. Underground P2P trading persists despite the crackdown.

South Africa has embraced crypto regulation. In 2022, the FSCA declared crypto assets as financial products under the Financial Advisory and Intermediary Services (FAIS) Act, requiring crypto service providers to obtain FSCA licenses. SARS taxes crypto gains under capital gains tax (up to 18% effective rate for individuals) or income tax depending on trading frequency. South Africa is the largest crypto market in Africa.

Tax Type None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 18% (effective max ~18%)
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining No No
Regulator Da Afghanistan Bank (Taliban administration)
Regulator FSCA (Financial Sector Conduct Authority), SARB (South African Reserve Bank)
Stablecoin Rules Not applicable — crypto banned
Stablecoin Rules Crypto assets declared financial products under FAIS; stablecoins included
Key Points
  • Taliban banned crypto in August 2022, declaring it haram (forbidden)
  • 16 crypto exchanges shut down in Herat; traders arrested
  • 2024 provincial bans with public loudspeaker campaigns against crypto
  • Crypto was used during the 2021 transition period for fund transfers
  • Underground P2P trading persists for remittances despite ban
Key Points
  • Crypto declared a financial product under FAIS Act (2022); service providers must be FSCA-licensed
  • FSCA began licensing crypto asset service providers (CASPs) in 2023
  • Capital gains taxed at effective rate up to 18% (45% max marginal rate × 40% inclusion)
  • Frequent trading may be classified as income and taxed at marginal rates (up to 45%)
  • SARB regulates cross-border crypto transactions under exchange control regulations
Sources
Sources