The risk of the government deciding that a model is too dangerous should only add to the reasons why open source models running on local hardware can be a reasonable alternative.
Saving in Bitcoin is not a crime.
Yet, the South African National Treasury is drafting regulations that would potentially make it one.
These vague rules could:
- Ban self-custody of crypto assets.
- Force the sale of private assets to the state.
- Outlaw peer-to-peer transactions.
- Give the Minister arbitrary power to set illegal thresholds without a parliamentary vote.
This is not regulation. It's expropriation.
Big shout out to @PRDG_ZA for organizing the fight.
See what they're doing: https://t.co/iUbI63FX0n
🔗 KNOW THE THREAT:
Official Draft:
https://t.co/3Ud4rZ8PSe
Submit Objection:
https://t.co/qZ91ejSaVW
We are fighting for the right to control our own wealth. #BitcoinEkasi #FinancialInclusion