🚨 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:
🔖 READ THE CRITICAL ANALYSIS:
📢 SHARE THIS POST.
The world needs to see what is happening. 
BitcoinZAR Advocacy Group
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