Progress

Current status
adopted
19 Oct 2022 in force
28 Jan 2021 processing consultation
20 Nov 2020 in consultation

Scope

Implementers
South Africa
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

19 Oct 2022
in force

Implementation of order classifying crypto assets as financial products

On 19 October 2022, the General Notice 1350 of 2022 on "Declaration of crypto assets as a financial product under the Financial Advisory and Intermediary Act" issued by the Financial Sector Conduct Authority (FSCA) was published in South Africa's Go…

Source
Event type order
Action type implementation
Government branch executive
Government body other regulatory body
28 Jan 2021
processing consultation

Closed consultation on draft declaration of crypto assets as financial products

On 28 January 2021, the public consultation on the South African Financial Sector Conduct Authority (FSCA) draft declaration of crypto assets as a financial product under the Financial Advisory and Intermediary Services Act (FAIS) closed. The Decla…

Source
Event type order
Action type consultation closed
Government branch executive
Government body other regulatory body
20 Nov 2020
in consultation

Open consultation on draft declaration of crypto assets as financial products

On 20 November 2020, the South African Financial Sector Conduct Authority (FSCA) published for consultation a draft declaration of crypto assets as a financial product under the Financial Advisory and Intermediary Services Act (FAIS). The Declaratio…

Source
Event type order
Action type consultation opened
Government branch executive
Government body other regulatory body

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