Advert
Advert – scroll down
Displaying the 30 latest comments.
Submitted | first-name | support | concern | top-concern | message |
|---|---|---|---|---|---|
2026-09-17 14:40:50 +02:00 | Reginald | Not fully | Other | Legislation must clearly exclude physical propery | |
2026-09-17 14:40:38 +02:00 | Guy | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 14:39:44 +02:00 | Kevin | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | State overreach has become a problem, in fact has been a problem for a long time. |
2026-09-17 14:39:21 +02:00 | Elize | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 14:38:55 +02:00 | Tsietsi | No I do not | All of the above | Administrative Disorder (Manual issued while parent regulations remain unsettled) | |
2026-09-17 14:38:31 +02:00 | BERNHARDT | No I do not | The Blanket Prohibition on Corporate/Business Cross-Border Payments | ||
2026-09-17 14:38:15 +02:00 | Johan | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | They are just looking for more ways of funding their never ending greed! |
2026-09-17 14:37:43 +02:00 | Timmy | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 14:37:08 +02:00 | AJ | No I do not | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | ||
2026-09-17 14:37:03 +02:00 | Gordon | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 14:36:51 +02:00 | DON | No I do not | All of the above | Discrimination Against Technology (Breach of Governor Kganyago's Principle) | |
2026-09-17 14:36:07 +02:00 | Angelique | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 14:35:56 +02:00 | michael | No I do not | All of the above | Administrative Disorder (Manual issued while parent regulations remain unsettled) | Another attempt to centralize and disempower the citizen |
2026-09-17 14:35:55 +02:00 | Jaco | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | This bill is utterly rediculous, we already submit KYC, we already submit AML. Now they want to tell us that what we have...we are not allowed to sell or use. I do not havea lot of crypto but the little I have and the pittance that I make on the side allows me to eat and at least fee like there is a bit of hope, you have already made life so expensive and you do literally nothing to help us and then bring a steaming pile of garbage like this to bear. The bansk will get their money when we offramp, they just want to corner the market and have every cent of profit to themselves. |
2026-09-17 14:35:47 +02:00 | Rajendra | Not fully | All of the above | Support for Financial Modernisation, AML/CFT & FATF Compliance | |
2026-09-17 14:33:50 +02:00 | Garth | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-09-17 14:32:58 +02:00 | Shaun | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-09-17 14:32:31 +02:00 | Paul | Not fully | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | ||
2026-09-17 14:31:38 +02:00 | Jan | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 14:31:13 +02:00 | Tobie | No I do not | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | ||
2026-09-17 14:30:25 +02:00 | John | No I do not | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | ||
2026-09-17 14:30:16 +02:00 | Khanyi | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | SARBs intended changes seek to move the country towards being under the control of a totalitarian state or organisation. The laws that sought to be passed seek to create a state where citizens have very little or posses the illusion of control, freedom and autonomy over their private affairs. Of course a balance must be struck between combatting criminal activity but laws and regulations that deny citizens autonomy, privacy and freedom over their private affairs are not the answer. |
2026-09-17 14:30:14 +02:00 | Henriette | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-09-17 14:29:48 +02:00 | Susanne | Not fully | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | While I have to still get involved with any form of crypto currency or scheme this smacks of a governmental overreach attempt. | |
2026-09-17 14:29:30 +02:00 | Bernadette | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-09-17 14:29:06 +02:00 | Thinus | Not fully | Discrimination Against Technology (Breach of Governor Kganyago's Principle) | This directly contradicts SARB Governor Lesetja Kganyago’s stated policy standard that identical financial activities must face identical regulatory requirements regardless of the technology used. Regulating the rail rather than the risk distorts the financial market and penalizes technological innovation. | |
2026-09-17 14:28:52 +02:00 | Dave | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | ||
2026-09-17 14:28:48 +02:00 | Mlungisi | No I do not | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | The Draft Policy: The framework regulates the underlying cryptographic medium rather than the economic activity. A cross-border invoice payment made via correspondent banking rails is permissible, but the identical commercial transaction settled over a public ledger is banned. The Legal & Practical Risk: This directly contradicts SARB Governor Lesetja Kganyago’s stated policy standard that identical financial activities must face identical regulatory requirements regardless of the technology used. Regulating the rail rather than the risk distorts the financial market and penalizes technological innovation. | |
2026-09-17 14:28:38 +02:00 | Yvonne | No I do not | All of the above | The Blanket Prohibition on Corporate/Business Cross-Border Payments | |
2026-09-17 14:27:49 +02:00 | Bruce | Not fully | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | I am convinced this is part of the anc garbage RET radical economic transformation mandate. It is yet another way to attempt to control citizens personal freedoms. I do understand the need to identify and prevent money laundering and the use of crypto to "donate funds" to "terrorist" organisations. |
-
- 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:
-
- 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: