Forcing Us To Behave And Think Like Criminals

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I am no crook but Black Market Dollars are easy to get hold of and the only currency I struggle with is the GBP and have to make bookings ahead of time. This is obviously not exactly legal and don't care anymore. I am a law abiding citizen up to a point. My thoughts are you sought yourself out as no one else will as the officials are the most crooked out the bunch anyway.

Tonight I am reading a report that my bank in South Africa is blocking transactions of customers trying to purchase crypto using debit and credit cards. According to the banks response this is in line with the Federal Reserve as the Financial Surveillance Department (had no clue it was a thing) is unable to approve these transactions. Seriously what an absolute joke as this just tells you how petrified Governments are of losing control.

I saw something similar a few days ago with Lloyds TSB in England also banning any type of crypto related transaction. I would say the banks no the end is nigh and are just trying to delay the inevitable.

Honestly if they think that is going to stop anyone wanting to invest into the crypto world then they must be dumber than what some people give them credit for. There are so many ways to get it done but it just takes a little longer to achieve if your amounts are bigger than the flag. The flag is the limit that alerts our friends in the tax office and it literally is pocket change to raise that flag being less than $800.

As a resident South Africa taxpayer, you are permitted to externalise funds of up to R11 million per calendar year – which includes a R1 million single discretionary allowance plus a R10 million foreign investment allowance – in direct offshore investments in foreign currency denominated assets.
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The R1 million is what is being questioned as the excuse is Binance is not compliant. Binance's response is more in line with my thinking saying it is all about the Forex as they are compliant for Africa. The R1 Million discretionary allowance is only around $80 000 and I am wondering how many people are buying crypto or are trying to for this to happen now.

I am no criminal yet I am no law abiding citizen these days either according to what I get up to in respect to the laws that are now in place. I have no intention of breaking laws, but what choice do we have as it is simply ridiculous. With a country rampant in corruption do you think the criminals are the ones transferring to foreign exchanges? Of course they aren't as they have networks to move money without alerting the authorities already in place.

The real reason is not crypto related but more likely the Government and the Reserve Bank are scared the purchases may increase using up their Forex fund. If anyone needs Forex we have to go to the bank with cap in hand filling out forms requesting permission. I am not talking about $100 but definitely asking for $1000 one would have to do this as I have been denied before. even though you are nowhere near your limit. For this reason I don't use a bank anymore as the black market has similar fees to a bank with the difference being no forms required. You sweat the first time as you have no clue what to expect as these people don't mess around.

The ironic thing is that in the future we won't need forex once we have crypto as it is a currency on it's own that can be used on an exchange debit card or another card that is available. I don't ever plan to be in that position ever again filling out forms begging for another currency. The less they know about me the better and suggest we all keep a low profile.

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14 comments
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HIVE!D

Screenshot 2021-06-07 7.03.05 AM.png

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-- never threaten the power of the empire
-- always pay tribute to the empire

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It seems they want to turn law abiding citzens into criminals, because that narrative would more easily fit their agenda.

When in fact they are driving people away to decentralized and P2P crypto transactions.

They cannot stop the tidal wave thats coming.

This will only prevent them from keeping control much longer.

In a way this will speed up the inevitable much faster than the could have anticipated.

Laws are created to control man and intimidate citizens into paying extortionate taxes.

In this case as you have rightfully stated, it just shows how fearful they are of whats to come.


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There is huge implications coming for them and us regarding taxation and the grey areas that are obviously appearing.

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I agree, but every single person they drive to defi and P2P transactions in a win for the crypto community.

And another step closer to there downfall Lol

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It shows how desperate they are, they just want us using the worthless crap that they can print!

image.png

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Lol. They are making up rules as they go on. It is like having the best cheats all thinking up new ways to try and stop this and they are losing badly.

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use xmr (monero )

everything that btcoin was SUPPOSD to be

idk if this would work in SA (legally I mean), but you put your money down buying HIVE, and then use simpleswap.io to buy xmr

again, idk how the SA govt works at tracking cryto transactions, but you might want to wash your $ thru a hive-engine coin or two

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Blimey. It really is a dire situation. I can understand why most people just sit back and go with the status quo.

Lloyds TSB split back in 2013 and so far the ban doesn't apply to Lloyds. Maybe it's only a matter of time but, for now, I am able to transfer Fiat almost instantly from my Lloyds Bank account to an exchange. Fingers crossed it stays that way.

The transfer are less than $800 though so maybe that helps. 😁

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The reason people are nuts about cryptocurrency, Is that they hear the magic phrase regulation-free.
But what they forget to take into account, Is that it also means the user alone bears liability.
The purpose behind a centralized system, Is not exploitation but to provide trust and stability.
Anything that is decentralized on the other hand is a breeding ground for fraud and volatility.
Not every fancy innovation is gonna benefit society, Innovation without accountability is only delusion.
Cryptocurrency can be a great boon to banking, If it merges with the centralized financial institution.
Intoxication of tech is yet another fundamentalism.
Algorithm without humanity is digital barbarism.


Posted via proofofbrain.io

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The 🇳🇬government wants to fool its people by doubling the minimum wage but at the same time printing more than enough money into circulation. We can't solve problems by creating more problem for generations to come which is why Bitcoin and some other decentralized finance applications powered by blockchain technology looks to be our only hope of creating a better future.


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The corruption starts at the top. Do as they do not as they say bro.


Posted via proofofbrain.io

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Hey Shepz1 good to see you. Yes you are 100% right on this unfortunately.

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Good to see you too. We are all being played by over educated fools, that regurgitate and repeat. Time is a coming for their end. I see violence ahead. If so, so be it.

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