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Displaying the 15 latest comments.
Submitted | first-name | support | concern | top-concern | message |
|---|---|---|---|---|---|
2026-06-09 17:18:21 +02:00 | Jannie | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-06-09 17:18:21 +02:00 | Jannie | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-06-09 13:16:26 +02:00 | Nolufefe | No I do not | Section 25 Rights: State Acquisition of Capital | I don't agree with all of the above. | |
2026-06-09 10:49:21 +02:00 | Michael | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | This would constitute total overreach on the part of Govt and would effectively be the start of SA becoming a socialist state. |
2026-06-09 10:31:02 +02:00 | Engela | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | |
2026-06-08 21:03:07 +02:00 | Beaulah | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | |
2026-06-08 20:05:54 +02:00 | Riyaad | No I do not | Regulatory Overreach: Defining 'Anything of Value' as Capital | ||
2026-06-08 16:30:53 +02:00 | Mark | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | You can not use such broad brush strokes to pass these laws/regualtions. The basic tenet of being a productive member of society is to generate wealth, either for yourself or your family and heirs. This proposed regulatory framework makes a mockery of that. if it is criminals you are after write the regulations for criminal activity and not that which affects every citizen. |
2026-06-08 16:04:12 +02:00 | Ida | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | The government wants to control the citizens like puppets and also wants to grab any assets for itself. More corruption and no service delivery. Enough is enough |
2026-06-08 10:42:35 +02:00 | Leigh | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | Well here we go again wanting to take control of one private homes and everything else. there are so many important items to attend to . |
2026-06-08 08:40:35 +02:00 | Leon | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-06-08 08:17:39 +02:00 | Charmaine | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | Absolutely against all intentions! What's ours is ours, the government has no right to override this, we have worked very hard and honestly to acquire all assets in our names, everything belongs to us not to the state. |
2026-06-08 06:52:13 +02:00 | Margaret | No I do not | All of the above | Economic Strategy: Support for Modernisation & FATF Compliance | This is taking contradicting the the citizens' rights by the very government; Right to be treated with dignity and respect.; where is it now,, when as a South African the government strips me off my dignity Right to privacy; the south Africans are going to be treated like the live stock, with their lives controlled by the government; WHY, so unfair to the people .The government of South Africa is selling our souls why? Why are we going to be treated as foreigners in our Mother Land. This should apply to the foreign people coming to South Africa, not to us as South Africans! So help God, the creator of heaven and earth!! Freedom of choice; |
2026-06-08 06:13:57 +02:00 | Kirsten-Mia | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | |
2026-06-07 22:31:58 +02:00 | Lorne | No I do not | Section 25 Rights: State Acquisition of Capital |
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”.