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Displaying the 30 latest comments.
Submitted | first-name | support | concern | top-concern | message |
|---|---|---|---|---|---|
2026-10-08 00:29:09 +02:00 | Maria | No I do not | Threat to Domestic Fintech Jobs, Foreign Investment & Tax Revenue | To whom it may concern I fear finances and financial managers will seek to keep their currencies outside of the country and not benefit our situation in any why if they get over-regulated like this. | |
2026-10-07 20:05:16 +02:00 | Nooe | Yes I do | Anti-Competitive CASP Capital Barriers (R5 Million Locked Fiat Mandate) | Nope | |
2026-10-07 18:43:44 +02:00 | Rory | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | ||
2026-10-07 18:18:20 +02:00 | Rushil | No I do not | All of the above | The Blanket Prohibition on Corporate/Business Cross-Border Payments | OBJECTION TO THE DRAFT CRYPTO ASSET MANUAL FOR CROSS-BORDER ACTIVITIES I wish to record my objection to the proposed Crypto Asset Manual in its present form. While reasonable measures to combat money laundering and genuinely illicit financial flows are justified, regulation should not result in the routine monitoring and reporting of the lawful financial activities of ordinary South Africans. Crypto assets are privately owned assets. Individuals conducting legitimate transactions with their own lawfully acquired and, where applicable, properly declared or taxed funds should be entitled to a reasonable degree of financial privacy and freedom. The proposed framework risks imposing another layer of surveillance, reporting and regulatory control upon citizens who have committed no wrongdoing. Any intrusion into financial privacy should be targeted, proportionate and based upon legitimate risk or reasonable suspicion, rather than becoming the default treatment of every individual undertaking a cross-border crypto transaction. South Africa should encourage innovation and responsible participation in the global digital-asset economy rather than creating unnecessary barriers that may drive investment, skills and capital to more accommodating jurisdictions. I therefore respectfully request that National Treasury and SARB reconsider those provisions that unnecessarily restrict legitimate private transactions or require disproportionate disclosure and reporting, and adopt a framework that properly balances regulatory objectives with individual privacy, property rights and financial freedom. |
2026-10-07 11:29:08 +02:00 | brian | Not fully | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | ||
2026-10-07 08:21:33 +02:00 | JACK | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | OBJECTION TO THE DRAFT CRYPTO ASSET MANUAL FOR CROSS-BORDER ACTIVITIES I wish to record my objection to the proposed Crypto Asset Manual in its present form. While reasonable measures to combat money laundering and genuinely illicit financial flows are justified, regulation should not result in the routine monitoring and reporting of the lawful financial activities of ordinary South Africans. Crypto assets are privately owned assets. Individuals conducting legitimate transactions with their own lawfully acquired and, where applicable, properly declared or taxed funds should be entitled to a reasonable degree of financial privacy and freedom. The proposed framework risks imposing another layer of surveillance, reporting and regulatory control upon citizens who have committed no wrongdoing. Any intrusion into financial privacy should be targeted, proportionate and based upon legitimate risk or reasonable suspicion, rather than becoming the default treatment of every individual undertaking a cross-border crypto transaction. South Africa should encourage innovation and responsible participation in the global digital-asset economy rather than creating unnecessary barriers that may drive investment, skills and capital to more accommodating jurisdictions. I therefore respectfully request that National Treasury and SARB reconsider those provisions that unnecessarily restrict legitimate private transactions or require disproportionate disclosure and reporting, and adopt a framework that properly balances regulatory objectives with individual privacy, property rights and financial freedom. |
2026-10-07 08:05:54 +02:00 | Glenton | No I do not | All of the above | Administrative Disorder (Manual issued while parent regulations remain unsettled) | These regulations are totally overburdened, excessively onerous, and absolutely out of sync with international standards. They are repressive and poorly thought through. Certainbly not legally logical or fair toward any citizen - Purely a massive set of blocks and controls that do not consider the nature of the technology they attempt to govern. Whomever drafted these rules clearly has no concept or propewr understanding of Crypto and Blockchain. Nor how the modern maintstream financial world is massively adopting it. Nor how modern nations are drafting extremely sensible regulations and guidelines to accommodate and incorporate it. South Africa, once again, is about to score an own-goal against itself with such ridiculous rules. Because of it's obsession with control, rather than logical facilitation. |
2026-10-07 07:48:40 +02:00 | Buhle | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | I object to the draft Crypto Asset Manual in its current form as it imposes unnecessary restrictions that hinder individual financial autonomy. |
2026-10-07 07:33:01 +02:00 | William | No I do not | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | ||
2026-10-07 00:20:41 +02:00 | Bennie | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-10-06 22:03:13 +02:00 | willie | No I do not | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | This is an overreach on personal property .The purchase of items with money you have allready been taxed on ,should remain private as the state has had its share.eg you buy seeds and grow veggies and when you harvest your work and money spent the state wants to tell you what you must do with it .The next thing is they will tell you is you can't t sell your house cause then we lose your rates and taxes so well nail you with capital gains tax which they don't deserve .They did not buy maintain or improve your property but tax you in valuations you as the owner have no control over.Its ludicrous.The greed of the state must stop. | |
2026-10-06 21:03:45 +02:00 | Cheryl | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | |
2026-10-06 20:28:58 +02:00 | Desiree | No I do not | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | ||
2026-10-06 18:14:48 +02:00 | Bronwyn | No I do not | All of the above | Discrimination Against Technology (Breach of Governor Kganyago's Principle) | |
2026-10-06 14:24:44 +02:00 | Kirsten | No I do not | The Blanket Prohibition on Corporate/Business Cross-Border Payments | ||
2026-10-06 09:48:20 +02:00 | Babongile | Not fully | The Blanket Prohibition on Corporate/Business Cross-Border Payments | ||
2026-10-06 07:16:03 +02:00 | Themba | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | I strongly oppose the Crypto Asset Manual in its current form. The proposed restrictions on cross-border crypto transactions, the R5 million capital requirement for CASPs, and the blanket prohibition on corporate payments will severely limit financial freedom and innovation in South Africa. These rules appear to favor traditional banking institutions while stifling fintech growth and excluding ordinary citizens from participating in the global digital economy. I demand technology-neutral, workable regulations that protect consumer rights while fostering innovation. |
2026-10-05 20:34:21 +02:00 | Evan | No I do not | Discrimination Against Technology (Breach of Governor Kganyago's Principle) | We will be left behind from the rest of the world if we do not embrace crypto tech. The goverment can not control crypto and they do not have to, they will fail! Instead embrace the tech and work with it to bring SA up to par with the rest of the world! Crypto is a personal asset inverstment not a goverment asset! | |
2026-10-05 16:50:45 +02:00 | James | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | This is disgusting, discriminatory policy proposed by SARB. Totally unacceptable |
2026-10-05 16:45:00 +02:00 | Gloria | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | This is over reach from SARB. Totally unacceptable |
2026-10-05 14:33:14 +02:00 | Gian | Not fully | All of the above | The Blanket Prohibition on Corporate/Business Cross-Border Payments | |
2026-10-05 11:55:37 +02:00 | HENDRIK P | No I do not | All of the above | Exclusion of the Common Monetary Area (CMA) & Low Remittance Limits | |
2026-10-05 07:11:05 +02:00 | Nkosinathi | No I do not | All of the above | Support for Financial Modernisation, AML/CFT & FATF Compliance | |
2026-10-05 05:43:27 +02:00 | Gladys | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | I strongly object to the Crypto Asset Manual. It places unnecessary restrictions on individual crypto asset holders and fails to provide a balanced regulatory framework. |
2026-10-04 23:34:04 +02:00 | Firyaal | No I do not | All of the above | Privacy Overreach & Permanent Ledger Tracking (POPIA / Section 14) | Can this country please concentrate of unlifting the SA people. |
2026-10-04 18:41:56 +02:00 | Werda | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | I strongly object to the draft Crypto Asset Manual as in too many situations Government in general wants to control our lives as this draft will also do. It imposes unnecessary restrictions on individual digital asset holders and hinders financial innovation. |
2026-10-04 14:54:35 +02:00 | cecilia | No I do not | All of the above | The Blanket Prohibition on Corporate/Business Cross-Border Payments | telling us what we are to do with our money and homes and life is not democratic. Is SA a democracy anymore? all these new laws and regulations are not democratic. I am becoming more and more disillusioned that Nelson Mandela's dream of a rainbow nation is disappearing fast. it is all in order for the ANC to try to get votes meanwhile it does nothing to help the people. |
2026-10-04 09:04:20 +02:00 | Matthew Derick | No I do not | All of the above | The Inward Self-Custody Trap (Banning transfers from non-custodial wallets) | |
2026-10-04 08:56:09 +02:00 | Ursula | No I do not | All of the above | Threat to Domestic Fintech Jobs, Foreign Investment & Tax Revenue | I don't understand who puts this garbage together. It's not logical. People should be able to invest in crypto and move crypto into your bank. Block chain industries are linked to crypto and you have people who get qualifications to work in this industry and now what does it mean? |
2026-10-04 08:55:55 +02:00 | Elsabe | No I do not | Other | Next, our properties will be held hostage, and we won't be able to sell it. Don't set precedents. What if this County collapses, sooner than we think. Give people the freedom to build a new life elsewhere. |
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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: