Tag archives: Crypto

Regulation on Crypto Assets – Part 2

By Desiree Reddy (ZA) on October 20, 2022 Posted in Finance

Following on from our earlier blog on the declaration of crypto assets as financial products under the FAIS Act (the Declaration) we have received numerous queries on the transitional arrangements relevant to the new licensing regime, and the impact of the Declaration on crypto asset derivatives. Transitional arrangements Specific concerns have been raised regarding whether … Continue reading

Crypto Asset Exemption

By Shawn Barnett (ZA) and Hishaam Khan on October 20, 2022 Posted in Finance

With the declaration of crypto assets as a financial product, providers of crypto assets are left wondering whether they need to register as a financial service provider under the Financial Advisory and Intermediary Services Act, 2002. Following an exemption published by the Financial Sector Conduct Authority, a person who provides a financial service in relation … Continue reading

Regulation on Crypto Assets

By Desiree Reddy (ZA) and Ntokozo Ngubane on October 20, 2022 Posted in Finance

In general notice 1350 of 2022, effective as of 19 October 2022, the FSCA has formally declared a crypto asset as a financial product under the Financial Advisory and Intermediary Services Act, 2002. The declaration marks the first step in crypto asset regulation, in South Africa, and follows a draft declaration published in 2020 and … Continue reading

Crypto Wallets: What You Need To Know

By Nerushka Bowan on February 15, 2022 Posted in Finance

This blog was co-authored by: Preshanta Poonan, Associate Designate Bitcoin started the cryptocurrency frenzy in 2009, and since then there have been several new cryptocurrencies launched which are fast growing in interest and adoption. When purchasing cryptocurrency, it is important to understand how the wallets work that store your crypto. You must choose the right … Continue reading