@BitcoinEkasi@PRDG_ZA Can't believe SA government still hasn't learned. New crypto regs enable state seizures & key demands. Tragic.
We resist! This will spark capital flight like Venezuela, wealthy flee, poor suffer most. Not a deep state global test case.
Fight for freedom! πͺπΏπ¦
South Africa:
Your constitutionally protected property rights are under attack!
Public comment deadline -> 11 days.
What can you do?
Follow:
@PRDG_ZA
Get involved:
https://t.co/QhhSOkSWMW
Submit your comment:
https://t.co/nMYVfECJ4M
π¨ The South African government is attempting to OUTLAW FINANCIAL FREEDOM.
π« Under the guise of "capital flow management," new draft regulations will effectively destroy self-custody and Bitcoin's promise of financial inclusion in our country.
πΏπ¦ These aren't just rules for exchanges. They are a direct attack on EVERY South African.
Hereβs what they do:
βΌοΈ BAN SELF-CUSTODY: By targeting transactions that touch global network infrastructure, they make self-custody illegal.
βΌοΈ FORCE LIQUIDATION: They grant the state the power to force the sale of Bitcoin to the National Treasury. This is expropriation.
βΌοΈ OUTLAW CIRCULAR ECONOMIES: Peer-to-peer transactions for goods and services will be deemed "black market" activity if they exceed an unspecified threshold.
βΌοΈ GIVE THE STATE ARBITRARY POWER: The Minister can decide the "threshold" for illegality at any time, creating uncertainty for everyone.
β This is a war on open, permissionless money. It's a war on the unbanked. It's a war on your right to control your own wealth.
π And they're trying to do it WITHOUT A VOTE IN PARLIAMENT.
β³ The deadline for public objection is either May 18 or June 10, depending on which government source is consulted.
We have no time to waste.
πSEE DRAFT HERE:
https://t.co/EtzOYZHYiP
π SUBMIT YOUR OBJECTION HERE:
https://t.co/IJueIgxQFE
π READ THE CRITICAL ANALYSIS:
https://t.co/61zE6q2LYn
π’ SHARE THIS POST.
The world needs to see what is happening.
South Africaβs new regulations are an attack on Bitcoin.
You must declare your holdings, get permission to use your crypto, and hand over your private keys on demand.
Hereβs everything you need to know - and how to fight back.
BREAKING:
The Netherlands just told its citizens to go to hell.
61,000 signatures.
Parliament reviewed it.
And kept it anyway.
You don't have to sell anything.
You don't have to make a single euro.
You just have to own assets while they go up.
And the government will send you a bill.
Every. Single. Year.
No cash? Doesn't matter. Pay up.
Asset crashed after you paid? Too bad.
This is not a tax system.
This is state-sanctioned theft with a bureaucratic stamp on it.
Every other country is trying to attract crypto wealth.
- Luxembourg buying Bitcoin.
- The U.S. protecting crypto legislation.
- UAE building crypto banks.
And the Netherlands?
Taxing you for having the audacity to invest.
The most financially repressive tax in modern Dutch history. And they chose it deliberately.
Because your money is more useful to them than it is to you.
The Netherlands is changing their tax on investments to 36% on paper profits, or unrealized gains, BEFORE you sell investment.
So if you buy a stock for $100,000 at $100 per share (1,000 shares) then the stock increases to $200 per share, you have a $100,000 profit on paper. You would owe $36,000 in taxes.
But then the next year if the value of the shares declines back to $100 per share ... you have made nothing, but you still paid $36,000 in taxes.
Investors and entrepreneurs are calling it, "the dumbest thing any government on Earth is doing right now".