--- title: VALR hits back at proposed cross-border crypto ban description: VALR CEO Farzam Ehsani has pushed back against South Africa's draft Crypto Asset Manual, which proposes barring resident companies from cross-border crypto... canonical: https://daily.dev/posts/valr-hits-back-at-proposed-cross-border-crypto-ban-cqawt8xnz twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: VALR hits back at proposed cross-border crypto ban | daily.dev og:description: VALR CEO Farzam Ehsani has pushed back against South Africa's draft Crypto Asset Manual, which proposes barring resident companies from cross-border crypto... og:url: https://daily.dev/posts/valr-hits-back-at-proposed-cross-border-crypto-ban-cqawt8xnz og:image: https://api.daily.dev/og/posts/CQAWT8XNZ.png og:image:alt: VALR hits back at proposed cross-border crypto ban og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # VALR hits back at proposed cross-border crypto ban **[TechCentral](https://daily.dev/sources/techcentral)** · 4 min read · 0 upvotes · 0 comments ## Summary VALR CEO Farzam Ehsani has pushed back against South Africa's draft Crypto Asset Manual, which proposes barring resident companies from cross-border crypto transactions. Ehsani argues the ban would drive activity underground or offshore, undermining the very regulatory oversight the South African Reserve Bank and National Treasury seek to achieve. He highlights that stablecoin settlement — a key institutional use case — would be effectively outlawed for businesses while remaining available to individuals. He also criticises a rule allowing self-custodial wallet withdrawals but not deposits, calling it a perverse incentive to use offshore exchanges. Ehsani's broader position is that exchange controls should be abolished or applied on a technology-neutral basis, rather than retrofitting legacy regulations onto digital assets. Written submissions on the draft manual are open until 30 September 2026. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Reserve Bank says its approach to stablecoins is still unsettled](https://daily.dev/posts/reserve-bank-says-its-approach-to-stablecoins-is-still-unsettled-hygpwmeuj) · TechCentral · 0 upvotes · 0 comments - [South Africa wants to ban companies from moving stablecoins abroad. Individuals keep their allowance.](https://daily.dev/posts/south-africa-wants-to-ban-companies-from-moving-stablecoins-abroad-individuals-keep-their-allowance-r0hmvvlxh) · The Next Web · 0 upvotes · 0 comments - [SA companies could face cross-border crypto ban](https://daily.dev/posts/sa-companies-could-face-cross-border-crypto-ban-ffomahbsr) · TechCentral · 1 upvotes · 0 comments --- Tags: [#crypto](https://daily.dev/tags/crypto), [#stablecoin](https://daily.dev/tags/stablecoin) [View this post on daily.dev](https://daily.dev/posts/valr-hits-back-at-proposed-cross-border-crypto-ban-cqawt8xnz) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"VALR hits back at proposed cross-border crypto ban","url":"https://daily.dev/posts/valr-hits-back-at-proposed-cross-border-crypto-ban-cqawt8xnz","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/valr-hits-back-at-proposed-cross-border-crypto-ban-cqawt8xnz"},"datePublished":"2026-08-04T07:56:07.065Z","dateModified":"2026-08-04T07:56:31.460Z","description":"VALR CEO Farzam Ehsani has pushed back against South Africa's draft Crypto Asset Manual, which proposes barring resident companies from cross-border crypto...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/976ff8bd417620b92c81ad2bca0dfe33?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/976ff8bd417620b92c81ad2bca0dfe33?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCentral","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCentral","logo":"https://media.daily.dev/image/upload/s--RsqLDZrL--/f_auto/v1717745297/logos/techcentral","url":"https://daily.dev/sources/techcentral"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/valr-hits-back-at-proposed-cross-border-crypto-ban-cqawt8xnz","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"crypto,stablecoin","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCentral","item":"https://daily.dev/sources/techcentral"},{"@type":"ListItem","position":3,"name":"VALR hits back at proposed cross-border crypto ban"}]} ```