π¨ The South African government is attempting to OUTLAW FINANCIAL FREEDOM.
π« 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.
πΏπ¦ These aren't just rules for exchanges. They are a direct attack on EVERY South African.
Hereβs what they do:
βΌοΈ BAN SELF-CUSTODY: By targeting transactions that touch global network infrastructure, they make self-custody illegal.
βΌοΈ FORCE LIQUIDATION: They grant the state the power to force the sale of Bitcoin to the National Treasury. This is expropriation.
βΌοΈ OUTLAW CIRCULAR ECONOMIES: Peer-to-peer transactions for goods and services will be deemed "black market" activity if they exceed an unspecified threshold.
βΌοΈ GIVE THE STATE ARBITRARY POWER: The Minister can decide the "threshold" for illegality at any time, creating uncertainty for everyone.
β 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.
π And they're trying to do it WITHOUT A VOTE IN PARLIAMENT.
β³ 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.
π SEE DRAFT HERE:
https://www.treasury.gov.za/public%20comments/CapFlow/Gazette_Publication%20of%20Capital%20Flow%20Management%20Regulations.pdf
π SUBMIT YOUR OBJECTION HERE:
https://ag.bitcoinzar.co.za/
π READ THE CRITICAL ANALYSIS:
https://capecrypto.com/south-africa-draft-crypto-regulations-unconstitutional/
π’ SHARE THIS POST.
The world needs to see what is happening.
π« 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.
πΏπ¦ These aren't just rules for exchanges. They are a direct attack on EVERY South African.
Hereβs what they do:
βΌοΈ BAN SELF-CUSTODY: By targeting transactions that touch global network infrastructure, they make self-custody illegal.
βΌοΈ FORCE LIQUIDATION: They grant the state the power to force the sale of Bitcoin to the National Treasury. This is expropriation.
βΌοΈ OUTLAW CIRCULAR ECONOMIES: Peer-to-peer transactions for goods and services will be deemed "black market" activity if they exceed an unspecified threshold.
βΌοΈ GIVE THE STATE ARBITRARY POWER: The Minister can decide the "threshold" for illegality at any time, creating uncertainty for everyone.
β 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.
π And they're trying to do it WITHOUT A VOTE IN PARLIAMENT.
β³ 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.
π SEE DRAFT HERE:
https://www.treasury.gov.za/public%20comments/CapFlow/Gazette_Publication%20of%20Capital%20Flow%20Management%20Regulations.pdf
π SUBMIT YOUR OBJECTION HERE:
https://ag.bitcoinzar.co.za/
π READ THE CRITICAL ANALYSIS:
https://capecrypto.com/south-africa-draft-crypto-regulations-unconstitutional/
π’ SHARE THIS POST.
The world needs to see what is happening.
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