According to Bloomberg, South Africa plans to incorporate crypto assets into its foreign exchange control framework and restrict their use for cross-border transactions. Sources say that due to the proposed regulatory adjustments, local digital-asset firms have put on hold at least three deals with a total value of 2.2 billion South African rand (about $135 million). The deals involve private equity investment, financing for small businesses, and corporate treasury management. The South African Reserve Bank (SARB) said the relevant rules are still in draft form; regulators are considering public input and continuing discussions on how to regulate crypto assets such as stablecoins. The deadline for submitting comments on the draft rules for cross-border crypto asset transactions is September 30.