South Africa's proposed Capital Flow Management Regulations 2026, based on a 1933 colonial-era law, would criminalize self-custody of Bitcoin and crypto assets, requiring individuals to use regulated exchanges and potentially face confiscation of private keys without warrants; this regulation bypasses parliamentary oversight, was rushed through with minimal public consultation, and could destroy South Africa's thriving crypto industry while exposing holders to security risks and organized crime exploitation.
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The Fight to Protect Bitcoin Self-Custody in South Africa with Ricki Allardice | SLP746
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