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Displaying the 30 latest comments.
Submitted | first-name | support | concern | top-concern | message |
|---|---|---|---|---|---|
2026-09-17 15:26:59 +02:00 | Frank | No I do not | Discrimination Against Technology (Breach of Governor Kganyago's Principle) | ||
2026-09-17 15:26:22 +02:00 | Fred | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | just like my overseas stocks, I should be allowed to sell crypto through a legitimate registered SA company like LUNO and bring the Rand into my bank account. LUNO does report this transaction to SARS. | |
2026-09-17 15:26:00 +02:00 | Stephen | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | All exchange controls should be abolished if we want to attract investment and a growing economy. The government seems to think it has a claim on my assets! When a government is worried about citizens leaving with THEIR assets, it is clue that your policies are crap. |
2026-09-17 15:24:48 +02:00 | Loes | No I do not | All of the above | Discrimination Against Technology (Breach of Governor Kganyago's Principle) | |
2026-09-17 15:24:27 +02:00 | Monty | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | ||
2026-09-17 15:24:18 +02:00 | Johan | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | These rules are suspiciously in the direction of totalitarianism by the reserve bank or state and in my opinion contrary to the Constitution of South Africa. I feel that it is invasive of the privacy of everyone concerned. |
2026-09-17 15:23:52 +02:00 | Arno | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | As per normal..the corrupt ANC want to lay hands on individuals after tax monies..... | |
2026-09-17 15:22:52 +02:00 | Adolf | No I do not | All of the above | Threat to Domestic Fintech Jobs, Foreign Investment & Tax Revenue | |
2026-09-17 15:22:43 +02:00 | Annette | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 15:22:27 +02:00 | Alastair | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-09-17 15:22:22 +02:00 | Nicky | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 15:21:39 +02:00 | Christina | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | ||
2026-09-17 15:20:59 +02:00 | Bronwyn | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-09-17 15:20:04 +02:00 | David | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 15:19:49 +02:00 | Bertie | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | I object to the draft Crypto Asset Manual for Cross-Border Activities (gazetted 3 August 2026) under the Promotion of Administrative Justice Act (PAJA). While regulatory oversight for anti-money laundering is essential, the proposed restrictions in Table 1 are disproportionate and economically harmful. First, classifying the return of self-custodied crypto assets to licensed South African exchanges as "non-permissible" arbitrarily deprives citizens of the ability to repatriate their legally acquired private property. Trapping capital offshore contradicts sound financial governance and creates a perverse incentive that drives wealth out of the domestic economy permanently. Second, imposing a blanket ban on South African companies and trusts from using crypto rails for cross-border transactions severely undermines local enterprise competitiveness in global markets. Third, pushing users away from regulated, KYC-compliant domestic exchanges toward unregulated off-grid channels directly defeats the Reserve Bank's AML and FATF compliance objectives. Administrative action must be rational, fair, and proportional. I urge the Reserve Bank to revise Table 1 to permit transparent repatriation of self-custodied assets subject to standard source-of-funds verification, and to establish clear institutional cross-border allowances for registered South African businesses. | |
2026-09-17 15:19:49 +02:00 | Steve | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | ||
2026-09-17 15:19:38 +02:00 | Vladimir | No I do not | All of the above | Threat to Domestic Fintech Jobs, Foreign Investment & Tax Revenue | |
2026-09-17 15:19:35 +02:00 | Keith | No I do not | All of the above | The Blanket Prohibition on Corporate/Business Cross-Border Payments | |
2026-09-17 15:19:09 +02:00 | MR M G | Yes I do | Other | ||
2026-09-17 15:19:07 +02:00 | Quentin | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-09-17 15:19:05 +02:00 | Margret Rose | No I do not | Threat to Domestic Fintech Jobs, Foreign Investment & Tax Revenue | ||
2026-09-17 15:17:15 +02:00 | Karen | No I do not | Other | Exclusion of the Common Monetary Area (CMA) & Low Remittance Limits | DO NOT TRUST ANYTHING THE ANC PUTS IN PLACE |
2026-09-17 15:17:09 +02:00 | Johan | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 15:16:59 +02:00 | robert | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | yet another ANC method of stealing other peoples' assets |
2026-09-17 15:16:48 +02:00 | Henry | No I do not | All of the above | Discrimination Against Technology (Breach of Governor Kganyago's Principle) | |
2026-09-17 15:16:37 +02:00 | Lize | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | ||
2026-09-17 15:16:24 +02:00 | Conrad | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-09-17 15:15:37 +02:00 | Eugene | No I do not | Administrative Disorder (Manual issued while parent regulations remain unsettled) | ||
2026-09-17 15:15:18 +02:00 | Vic | No I do not | All of the above | Threat to Domestic Fintech Jobs, Foreign Investment & Tax Revenue | This is just another form of communism. |
2026-09-17 15:15:06 +02:00 | Jurgen | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) |
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- Curbing Regulatory Arbitrage:
Unregulated cross-border crypto movements undermine the foreign exchange framework. Bringing crypto transactions within standard balance-of-payments reporting ensures that fintech entities face the same compliance oversight as commercial banks. - Defending the Fiscus & National Currency:
In an era of borderless digital finance, untracked capital outflows threaten domestic macroeconomic stability and the South African Rand. Comprehensive surveillance enables FinSurv to track the true volume of capital moving across borders. - Protecting International Financial Standing:
Following South Africa’s removal from the Financial Action Task Force (FATF) grey list, closing cross-border anti-money laundering and counter-terrorist financing (AML/CFT) loopholes is necessary to maintain global banking relationships. - Ensuring Platform Solvency:
Enforcing a minimum unimpaired capital reserve of R5 million and mandating client asset segregation protects everyday consumers from exchange collapses and fraudulent practices. - Structured Industry Pathways:
The manual replaces legal ambiguity with a defined, tiered licensing model (Category 1, 2, and 3), providing institutional legitimacy for compliant operators.
- Curbing Regulatory Arbitrage:
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- Breach of Technology Neutrality:
SARB Governor Lesetja Kganyago stated that “similar payment activities should be subject to similar regulatory expectations, whether they are performed by a bank or a fintech.” The draft manual breaches this principle by permitting businesses to execute international vendor settlements via SWIFT while outright banning the exact same economic transaction if routed through regulated blockchain rails. - The “Cold Storage Trap”:
Classifying inward transfers from non-custodial wallets as non-permissible penalizes the foundational property of public blockchain technology: individual self-custody. It creates a one-way street where citizens can take custody of their digital property, but are legally locked out of the domestic banking system if they ever wish to repatriate it. - Economic Isolation of South African Enterprise:
Banning South African companies and trusts from cross-border crypto rails isolates the domestic tech sector, digital exporters, and Web3 startups from the global digital economy, preventing them from using efficient stablecoin settlement channels. - Threat to Domestic Jobs & Foreign Investment:
The industry-led CATASTROPHE coalition (including VALR, Luno, AltCoinTrader, and EasyEquities) warns that billions of Rands in foreign direct investment into South African fintech have been frozen, putting thousands of skilled jobs and significant corporate and PAYE tax contributions at immediate risk. - Perverse Incentive for Unregulated Flight:
Imposing non-workable restrictions will not stop digital asset usage; it will simply drive liquidity away from compliant domestic exchanges into unregulated offshore peer-to-peer (P2P) networks, blinding both FinSurv and SARS. - Administrative Cart Before the Horse:
Requesting public commentary on operational directives while the parent Capital Flow Management Regulations remain unresolved undermines procedural fairness under PAJA.
- Breach of Technology Neutrality: