"This is a fairly recent “announcement” and many people are upset about the Reserve Bank making up seemingly hostile and uninformed rules regarding something that has no notion of borders and is practically impossible for the regulators to control in terms of owning and transferring. Something that arguably does not even exist in any one location..." So now, a memorized key or password means you are transferring "right to capital" and therefore cannot leave South Africa? I'm fairly certain that Apartheid was thoroughly shot down back in the 80s.