South Africa's Exchange Control Regulations of 1961 are rules from the apartheid era. Since then, the US, the UK, France, Spain, Finland, Taiwan, Singapore and many more countries have abolished their exchange controls and prospered.
Nelson Mandela explicitly envisioned a South Africa without exchange control regulations.
As president, in his 1996 State of the Nation Address, he declared: "In order to improve the investment climate, our monetary authorities are reviewing, on an on-going basis, the timing and pace of lifting existing exchange controls. For us, it is not a matter of whether, but of when, these controls will be phased out."
That was thirty years ago.
Former Reserve Bank Governor, the late Tito Mboweni, said in 2005, “For all intents and purposes exchange controls have become purposeless."
Even Dr Gerhard de Kock, who served as Governor of the South African Reserve Bank during the late apartheid era, said exchange controls "keep more money out than in and work when you don’t need it, and not when you do.”
VALR will always abide by the law. And we will work with the regulators to find a framework that works for South Africa.
But my sincere wish would be for South Africa to be emancipated from these regulations that were meant for a previous age.
Your Action Required: Draft Capital Flow Management Regulations 2026
National Treasury has published draft Capital Flow Management Regulations, 2026, for public comment. We believe it is important that you understand the proposed Regulations and have the opportunity to contribute constructively.
https://t.co/AdWQJpr14i
🚨 The South African government is attempting to OUTLAW FINANCIAL FREEDOM.
🚫 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.
🇿🇦 These aren't just rules for exchanges. They are a direct attack on EVERY South African.
Here’s what they do:
‼️ BAN SELF-CUSTODY: By targeting transactions that touch global network infrastructure, they make self-custody illegal.
‼️ FORCE LIQUIDATION: They grant the state the power to force the sale of Bitcoin to the National Treasury. This is expropriation.
‼️ OUTLAW CIRCULAR ECONOMIES: Peer-to-peer transactions for goods and services will be deemed "black market" activity if they exceed an unspecified threshold.
‼️ GIVE THE STATE ARBITRARY POWER: The Minister can decide the "threshold" for illegality at any time, creating uncertainty for everyone.
✊ 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.
📜 And they're trying to do it WITHOUT A VOTE IN PARLIAMENT.
⏳ 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.
👀SEE DRAFT HERE:
https://t.co/EtzOYZHYiP
👇 SUBMIT YOUR OBJECTION HERE:
https://t.co/IJueIgxQFE
🔖 READ THE CRITICAL ANALYSIS:
https://t.co/61zE6q2LYn
📢 SHARE THIS POST.
The world needs to see what is happening.
NEW: South Africa's National Treasury proposes draft regulations requiring crypto holders to declare assets above a set threshold and hand over private keys to enforcement officers on demand, carrying fines and up to five years in prison for non-compliance.
@enosys_global@Thana_Enosys The issue regarding the claiming of delegation rewards in Loans still persists, as well as APS not being distributed. They are both due to an issue with Orry that should be addressed soon.
How soon??
🚨NEW: South Africa OFFICIALLY PUBLISHES New Crypto Rules Draft — XRP INCLUDED Under “CRYPTO ASSETS” Framework 🤯🔥
South Africa has now officially PUBLISHED its Draft Capital Flow Management Regulations of 2026 — bringing CRYPTO assets into a formal regulatory framework for the FIRST time. 👀
The draft places crypto under the country’s capital flow system, meaning TIGHTER CONTROL over how funds move IN and OUT of South Africa. ✅
The draft does NOT single out just $Abtc or $ETH — it covers ALL crypto assets, including $XRP under the official definition. 😳🔥
👉 Crypto transactions across borders will REQUIRE proper APPROVAL & REPORTING
👉 Rules aim to COMBAT money laundering and illegal flows
👉 Existing financial regulators (FSCA, FIC) will work alongside the framework
The draft is now OPEN for public comment until June 10, 2026 before finalization. 📅
More updates coming.
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That should tell you something. The easy takeaway is that people care about @FlareNetworks' tokenomics.
Here are the top 15 questions and answers from the space, while we work on reviving the recording with @X:
Trump Just Pulled Off The Biggest Power Move in Global Economic History…
Iran played their last card. Then Trump hit ‘em with the Uno Reverse. Now the deck is reshuffling entirely.
Energy will never flow the same way again.
With Venezuela’s vast oil reserves under U.S. control and now the blockade of the Strait of Hormuz, America now oversees the global oil supply.
Countries that want oil must buy from America. This is the Gulf of America, packed with supertankers racing to load up on US oil.
Hardest hit? China, who just lost their number 1 and 2 oil exporters in a matter of weeks.
Absolute masterclass.
BREAKING: Ripple’s CLO Stuart Alderoty just joined the board of Evernorth Holdings, the XRP treasury company going public on Nasdaq under $XRPN.
This isn’t a coincidence.
Evernorth filed an amended S-4 with the SEC yesterday. $1B+ raised. 473M XRP in treasury. Backed by Ripple, SBI, Pantera, Kraken and Arrington Capital.
The MicroStrategy playbook, but built for XRP.
TradFi gets structured equity exposure to XRP without touching a wallet.
Alderoty on the board ties Ripple directly to the first major public XRP treasury vehicle.
This is institutional infrastructure being built in real time.
#xrpn