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AI summary
The High Court in Johannesburg granted leave to appeal in Mangundhla v South African Reserve Bank. The judgment records that an earlier decision found Bitcoin to be both money and capital for Exchange Control Regulations purposes, and that another High Court decision reached the opposite view.
This appears to concern the classification of cryptocurrency for exchange control purposes and the conflict between two High Court decisions.
Evidence from source
On 1 June 2026, I delivered a judgment in which I found that cryptocurrency, in this case in the form of Bitcoin, is both money and capital for the purposes of the Exchange Control Regulations, 1961 .
Supports: plain_summary sentence 2
Motha J decided that cryptocurrency generally is neither money nor capital for the purposes of the Exchange Control Regulations.
Supports: plain_summary sentence 2
Accordingly – 1. The applicants are granted leave to appeal against the whole of my judgment and order of 1 June 2026. 2. Leave is granted to the Supreme Court of Appeal.
Supports: plain_summary sentence 1