We demand the South African government abolish taxes on cryptocurrency transactions, aligning with the global ISO 20022 standard. This move will boost our economy, promote innovation, and make South Africa a leader in the digital age. Crypto taxes stifle growth and exclude the unbanked—let’s end them now!

Why This Matters:

South Africa faces high unemployment (over 34% as of 2023) and sluggish GDP growth (around 1% annually). The global crypto market, valued at over $1 trillion in 2025, offers a massive opportunity to change this. Abolishing crypto taxes is crucial for:

Economic Boost: Tax-free crypto will attract foreign investment, drawing global exchanges and startups to South Africa, as seen in Portugal’s crypto boom. It could create thousands of jobs in blockchain and fintech, addressing unemployment while stimulating local innovation. 
Global Edge: ISO 20022 modernizes finance with faster, transparent transactions—crypto fits perfectly. Africa leads in crypto adoption (Nigeria and Kenya rank top globally), and South Africa can lead the continent by integrating crypto into this framework, becoming Africa’s “Crypto Capital” like Switzerland’s “Crypto Valley.” 
Inclusion: Around 20% of South Africans are unbanked, per the World Bank. Crypto offers financial access via a smartphone, but taxes block adoption, especially for the poor. For example, taxes on remittances in Bitcoin reduce their value, excluding rural communities. Removing taxes ensures fairness and fights inequality. 
Simplicity: Current tax rules—treating every crypto transaction as a taxable event—are a mess, requiring complex record-keeping. This deters users and burdens SARS with enforcement challenges. Abolishing taxes cuts red tape, encourages legal use, and could boost overall revenue through new economic activity. 
Urgency: The global crypto race is on—nations are vying for digital dominance. With ISO 20022 adoption in full swing globally by 2025, South Africa must act now to stay ahead, or risk losing talent, investment, and innovation to competitors.

What We Want:

• End all crypto taxes (income, capital gains) immediately. 
• Make crypto tax-exempt under ISO 20022 to drive progress.
• Consult experts and citizens for a bold, future-ready policy.

South Africa can pioneer a crypto revolution, transforming our economy and empowering all citizens.

Sign now to make it happen!