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South Africa: Policy Document supporting the Declaration of Crypto Assets as a Financial product outlining license requirement

Progress

Current status
adopted
19 Oct 2022 adopted

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
central government
Implementation Level
national

Timeline of events

19 Oct 2022
adopted

Policy Document supporting the Declaration of Crypto Assets as a Financial product

On 19 October 2022, the Financial Sector Conduct Authority (FSCA) published a policy document supporting the Declaration of a crypto asset as a financial product under the Financial Advisory and Intermediary Services Act. In its policy document, the…

Source
Event type outline
Action type adoption
Government branch executive
Government body central government

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