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Displaying the 30 latest comments.
Submitted | first-name | support | concern | top-concern | message |
|---|---|---|---|---|---|
2026-04-30 19:17:06 +02:00 | Pierre | No I do not | All of the above | Criminalisation: 5-Year Prison Sentences for Reporting Errors | No! |
2026-04-30 19:17:02 +02:00 | Rowan | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-04-30 19:16:32 +02:00 | Rosalie | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | |
2026-04-30 19:16:15 +02:00 | Winston | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | Inter alia privacy and private ownership laws are being challenged to the extent that one might consider this a strong lean to a leftist socialist government, which we are most decidedly not! These proposals are rediculous in the context of a free and fair democracy, which we most certainly are! That which challenges our freedom exist in such a democracy has absolutely no place in our constitution. |
2026-04-30 19:16:01 +02:00 | H | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | All of the above is my top concern! This corrupt government should not have any right to anything I've worked for and own |
2026-04-30 19:15:37 +02:00 | kallie | No I do not | Property Security: Attachment of Land & Title Deed Noting | ||
2026-04-30 19:15:31 +02:00 | Malika | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | What the Regulation says: The National Treasury may attach any property—including immovable property (land)—if there are “reasonable grounds to suspect” it is involved in a contravention of the regulations. If land is attached, the Treasury notifies the Registrar of Deeds, who must note this attachment against the property’s title deed. The Potential Impact: This allows the State to “freeze” a citizen’s home or land based on suspicion alone, without a prior criminal conviction or a court order proving a crime was committed. Once an attachment is noted on a title deed, the owner cannot sell, transfer, or bond |
2026-04-30 19:15:12 +02:00 | Tana | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-04-30 19:15:11 +02:00 | Tana | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-04-30 19:15:10 +02:00 | Tana | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-04-30 19:15:04 +02:00 | Arisha | No I do not | All of the above | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | Property Rights: The ability of the State to “attach” homes and land on mere suspicion undermines Section 25 of the Constitution and erodes the principle of due process. Personal Assets: The compulsory sale of gold holdings above a threshold, at a State-determined price, amounts to expropriation without fair compensation. Privacy and Freedom: The requirement to hand over passwords, PINs, and private codes represents a disproportionate intrusion into personal privacy and a dangerous precedent for state overreach. Overbroad Definition of Capital: By classifying “anything with monetary value” as capital, including intellectual property, the draft risks stifling innovation and entrepreneurship in South Africa. |
2026-04-30 19:15:01 +02:00 | Dane Paul | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | Please stop this insanity and scrap these draft regulations immediately. |
2026-04-30 19:14:55 +02:00 | Freda | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | Section 25 Rights |
2026-04-30 19:14:25 +02:00 | Selma | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | They want to steal our land and wealth! Thieves! |
2026-04-30 19:14:14 +02:00 | Ralph | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | What the Regulation says: The National Treasury may attach any property—including immovable property (land)—if there are “reasonable grounds to suspect” it is involved in a contravention of the regulations. If land is attached, the Treasury notifies the Registrar of Deeds, who must note this attachment against the property’s title deed. The Potential Impact: This allows the State to “freeze” a citizen’s home or land based on suspicion alone, without a prior criminal conviction or a court order proving a crime was committed. Once an attachment is noted on a title deed, the owner cannot sell, transfer, or bond |
2026-04-30 19:14:11 +02:00 | Josua | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | That means that anything you create to add value to the market place can simply be taken from you. It fundamentally erodes the ability to do business confidently. |
2026-04-30 19:13:55 +02:00 | Hildegard | No I do not | All of the above | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | |
2026-04-30 19:13:35 +02:00 | Cameron | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-04-30 19:13:25 +02:00 | Anthony | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-04-30 19:12:51 +02:00 | Josine | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | Everything that we own, we have aquired by working and paying for it. None of the above-mentioned laws are to any benefit for me as a citizen in this country. |
2026-04-30 19:12:48 +02:00 | John | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | These proposed regulations are unconstitutional, and I therefore do not support them in any capacity. SARS' progressive treatment of crypto was heading in the right direction, but these new draconian proposals will serve only to increase capital flight out of the country, and starve an already ailing economy of vital foreign investment. Also, if one's hard earned money/crypto can simply be confiscated on a whim, there is no reason to even think about investing in this economy, in any capacity, which would also exacerbate the country's brain drain problem. Above all, the wording indicates that those who drafted it fundamentally misunderstand cryptocurrency, and view it as a threat, instead of the opportunity that it is. Self-custody is a defining aspect of the technology, and threatening people with confiscation or forced selling if they do not hand over the keys to their own money, is frankly criminal, and a blatant abuse of power, that will be recorded as one of the worst examples of government overreach in modern history. I cannot stress enough how dystopian these proposed regulations are, and therefore must implore those working on them to strongly reconsider, before they kill a fledgling industry in the cradle that has the potential to turn South Africa into a global financial powerhouse. Promote innovation in a responsible way, do not overreach in terms of taxation, incentivize regulated use of this technology, and watch the country prosper, instead of demonizing something that has the capacity to do a world of good for every citizen in this country. |
2026-04-30 19:12:44 +02:00 | Terence | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-04-30 19:12:17 +02:00 | Rigard | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-04-30 19:11:41 +02:00 | Annestien | No I do not | Property Security: Attachment of Land & Title Deed Noting | ||
2026-04-30 19:11:34 +02:00 | Cecil | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-04-30 19:11:10 +02:00 | Marie | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-04-30 19:10:01 +02:00 | wayne | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-04-30 19:09:37 +02:00 | Ben | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-04-30 19:08:55 +02:00 | Louise | No I do not | Property Security: Attachment of Land & Title Deed Noting | ||
2026-04-30 19:08:43 +02:00 | Karin | No I do not | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys |
Supporters of the draft regulations, primarily the National Treasury and the South African Reserve Bank (SARB), argue that these changes are a vital step toward a modern financial system.
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- Modernizing Outdated Laws: The current regulations are over 60 years old and were written long before the internet or digital assets existed. Moving to a “risk-based” system allows the State to focus on high-risk, high-value movements of money rather than policing every small transaction.
- Global Security & Compliance: To stay off international “grey lists” (like FATF), South Africa must prove it can track and stop money laundering and the financing of terrorism. Explicitly regulating crypto assets as “capital” closes a loophole often used by illicit actors to move wealth undetected across borders.
- Protecting the South African Rand (ZAR): Uncontrolled capital flight—where billions in value leave the country via digital wallets—can destabilize the national currency. These regulations ensure the State has the visibility needed to manage economic stability.
- Building a Regulated Fintech Industry: By creating a formal “Authorised Crypto Asset Service Provider” (ACASP) category, the State is providing a legal pathway for legitimate businesses to operate, which they argue will actually attract institutional investment.
Opponents, including civil society groups, legal scholars, and “Bitcoiners,” argue that the draft is a radical overreach that compromises the Bill of Rights.
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- A “Privacy Death-Knell”: Granting enforcement officers the power to search personal devices for digital “control” at borders is viewed as a massive violation of the Section 14 right to privacy.
- Forced Self-Incrimination: Regulation 25(5), which compels citizens to hand over private keys and passwords, is highly controversial. Critics argue this forces individuals to provide the evidence for their own financial “prosecution,” violating Section 35 of the Constitution.
- De Facto Expropriation: The power of the Treasury to “attach” assets based on mere suspicion—without a criminal trial—and the ability to force the sale of private crypto into ZAR is seen by many as a violation of property rights.
- Stifling the “Digital Gold” Economy: Critics argue that treating a borderless technology like Bitcoin as if it were physical gold will drive innovation and young tech talent out of South Africa. They fear these “permission-based” rules will make South Africa an uncompetitive “digital island”.