South Africa: Open consultation on draft declaration of crypto assets as financial products
Description
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…
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
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2020-11-20
in consultation
2021-01-28
processing consultation