South Africa: Implementation of order classifying crypto assets as financial products
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body
Complete timeline of this policy change
Hide details
2020-11-20
in consultation
2021-01-28
processing consultation