foreign currencies

South Africa proposes new crypto regulations requiring travelers to declare cryptocurrency assets when entering or leaving the country, with penalties including up to 5 years in prison. The National Treasury will update its 1961 Exchange Control Regulations to classify crypto as capital, alongside foreign currencies and gold, granting officials authority to search devices like phones and cold wallets.

Americans who relocated abroad to reduce living costs now face financial barriers to returning home due to economic factors like inflation and currency devaluation. Many report that rising expenses in the U.S. and weaker foreign currencies have made repatriation unaffordable.