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    Business rescue: who does it work for?

    Sadly, the only people business rescue works for are the business rescue practitioners, who get to strip the carcass clean. SAA being a really good example.
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    the bankers are taking over

    No. If you bothered to read what Carstens said, you'd know that he said that CBDCs will give central banks (plural) absolute control of their individual currencies. Some may find that just as scary, but please be scared of the right things.
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    Not unless they feel they have been forced into it. Of course that is only my personal opinion. But I wouldn't worry about draconian regulations until they actually happen. SARB has other fish to fry.
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    Yes, I noted on the other thread that SARB has not been consistent, specifically about the use of the discretionary allowance and credit cards. SARB may have an argument as to why the apparent inconsistencies are not inconsistencies at all, but revolve around the details of the situation being...
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    "Expensive as all hell" isn't the same as impractical. People said the same thing about exchange control back when the Nats introduced it. And SARB would not care if crypto trading went to zero in SA. Crypto trading isn't actually necessary to anything in the real economy, unlike fx. But again...
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    Sure. That's why I said it would be "expensive as all hell". You'd be "RICA"ing every single address. Transfer to a non-RICA address would be illegal.
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    I would guess the same way as e.g., you RICA a cell phone number. Probably more rigorously. But same principle. ID docs, proof of residence, etc.
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    I'm not sure what the "it" is that you're referring to. But I assure you that none of buying gold, buying yachts or buying crypto for Rand in SA, and then selling them in a foreign jurisdiction is legal, unless you have gone through exchange control processes.
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    Expensive as all hell, certainly, but that's not really something SARB needs to worry about. Practically, I don't think that SARB has any real desire to add another layer of complexity to exchange control reporting requirements. I think they would prefer to carry on simply ignoring the...
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    No, I didn't misread your post. You cannot do a bank transfer to a non-SA account without exchange control clearance. Every single transaction.
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    Correct. On another thread I used the example of buying a yacht, sailing offshore, and selling it. Both quite possible, both illegal. Crypto is no different. SARB hasn't changed any laws, they're just emphasizing what they have been for some time. So that no-one can claim ignorance.
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    All Bitcoin transfers out of South Africa is a crime, even from your own wallet - Reserve Bank

    That's not impractical at all. It's just normal KYC/AML (Know Your Customer/Anti Money Laundering). Done by banks every day. And arguably, (if you're an exchange, VERY arguably) already a requirement under existing legislation for SA registered crypto exchanges.
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    Department of Health explains how vaccinations for people over 50 years old will work

    Registered. Website is a bit weird about City/suburb, but got there. SMS received about 2 hours later.
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    Bitcoin transfer from Luno to international exchanges is illegal

    Agree it's inconsistent. Realistically I think that's very doubtful that SARB would actually pursue anyone for using the discretionary allowance. Too little money, too complicated, and the SARB's own inconsistency would make it very difficult to actually make anything stick. But, and big but...
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    Bitcoin transfer from Luno to international exchanges is illegal

    Yes, but that same FAQ also says that "The Exchange Control Regulations prohibit transactions where capital or the right to capital is, without permission from National Treasury, directly or indirectly exported from South Africa. This includes transactions where an individual purchases crypto...
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