Damus
BitcoinEkasi profile picture
BitcoinEkasi
@bitcoinekasi
🚨 The South African government is attempting to OUTLAW FINANCIAL FREEDOM.

🚫 Under the guise of "capital flow management," new draft regulations will effectively destroy self-custody and Bitcoin's promise of financial inclusion in our country.

🇿🇦 These aren't just rules for exchanges. They are a direct attack on EVERY South African.

Here’s what they do:

‼️ BAN SELF-CUSTODY: By targeting transactions that touch global network infrastructure, they make self-custody illegal.

‼️ FORCE LIQUIDATION: They grant the state the power to force the sale of Bitcoin to the National Treasury. This is expropriation.

‼️ OUTLAW CIRCULAR ECONOMIES: Peer-to-peer transactions for goods and services will be deemed "black market" activity if they exceed an unspecified threshold.

‼️ GIVE THE STATE ARBITRARY POWER: The Minister can decide the "threshold" for illegality at any time, creating uncertainty for everyone.

✊ This is a war on open, permissionless money. It's a war on the unbanked. It's a war on your right to control your own wealth.

📜 And they're trying to do it WITHOUT A VOTE IN PARLIAMENT.

⏳ The deadline for public objection is either May 18 or June 10, depending on which government source is consulted.

We have no time to waste.

👀 SEE DRAFT HERE:
https://www.treasury.gov.za/public%20comments/CapFlow/Gazette_Publication%20of%20Capital%20Flow%20Management%20Regulations.pdf

👇 SUBMIT YOUR OBJECTION HERE:
https://ag.bitcoinzar.co.za/

🔖 READ THE CRITICAL ANALYSIS:
https://capecrypto.com/south-africa-draft-crypto-regulations-unconstitutional/

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TheBitcoinManual · 6d
So we're going back to the then they fight you stage! https://image.nostr.build/f01053e2288e370039bf9a98af8c4627dc38bc9f7031187071f4913192ea914c.png
nostrich · 6d
The thing is. Bitcoin is a liability for proper OpSec. You'll need Monero and a good idea of how to move around in the digital "state declared black" market. The fighting stage was always anticipated. It'll take us ten years until mid of the 30s to win this war. Are you prepared to live 10 years i...
Liberthea Anadara · 6d
They are trying to force the hands of people and truth is the only way the final result will be people gathering the evidence against them which only exist within the body and showing them the undeniable evidence. And people taking back their power from these Tyrants stop complying start learning ne...
S!ayer · 6d
Btw is this them making an attempt to actually curb cryptocurrency? SA pretty open and we've been enjoying it, and so have many others. This mandate is coming from international pressure probably
Moonpilot · 5d
There comes a point when Governments become anti-human, South Africa is nearing that finishing line...
Raison d'État · 5d
Y'all becoming like Westerners if this passes...
omniacollective · 5d
Damn
Jacob · 5d
Wow South Africa shoots it self in the foot. Sad hopefully you can stop this.
Kate Brennan · 5d
The draft regs are concerning, but framing them as a *total* ban on self-custody might oversimplify the fight ahead. Regulatory creep often starts with soft targeting of infrastructure—see how Bitcoin ETF flows indirectly shape custody debates in the US. https://theboard.world/articles/bitcoin-...
Chuck Langstrumpf · 5d
Maybe you need a Monero?
BTCGVA · 4d
That's why we need to learn about privacy. Learn about Fedi / Cashu ... Reminder: Bitcoin is a permissionless peer to peer payment network. PERMISSIONLESS