bitcoinekasi on Nostr: 🚨 The South African government is attempting to OUTLAW FINANCIAL FREEDOM. 🚫 ...
🚨 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/📢 SHARE THIS POST.
The world needs to see what is happening.
Published at
2026-04-24 16:58:07 CESTEvent JSON
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"content": "🚨 The South African government is attempting to OUTLAW FINANCIAL FREEDOM.\n\n🚫 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.\n\n🇿🇦 These aren't just rules for exchanges. They are a direct attack on EVERY South African.\n\nHere’s what they do:\n\n‼️ BAN SELF-CUSTODY: By targeting transactions that touch global network infrastructure, they make self-custody illegal.\n\n‼️ FORCE LIQUIDATION: They grant the state the power to force the sale of Bitcoin to the National Treasury. This is expropriation.\n\n‼️ OUTLAW CIRCULAR ECONOMIES: Peer-to-peer transactions for goods and services will be deemed \"black market\" activity if they exceed an unspecified threshold.\n\n‼️ GIVE THE STATE ARBITRARY POWER: The Minister can decide the \"threshold\" for illegality at any time, creating uncertainty for everyone.\n\n✊ 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.\n\n📜 And they're trying to do it WITHOUT A VOTE IN PARLIAMENT.\n\n⏳ The deadline for public objection is either May 18 or June 10, depending on which government source is consulted.\n\nWe have no time to waste.\n\n👀 SEE DRAFT HERE:\nhttps://www.treasury.gov.za/public%20comments/CapFlow/Gazette_Publication%20of%20Capital%20Flow%20Management%20Regulations.pdf\n\n👇 SUBMIT YOUR OBJECTION HERE:\nhttps://ag.bitcoinzar.co.za/\n\n🔖 READ THE CRITICAL ANALYSIS:\nhttps://capecrypto.com/south-africa-draft-crypto-regulations-unconstitutional/\n\n📢 SHARE THIS POST.\nThe world needs to see what is happening. https://blossom.primal.net/e28f3543e0489a35ccf1a437f8650e7c97ba2e9f477c6f817c640b7e689b0c23.png ",
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