Tag: Financial Sector Conduct Authority

Ponzi Scheme Redux: MMM Krypto Raises Concerns, Triggers FSCA Warning

The resurgence of MMM has prompted the FSCA in South Africa to issue a warning about the scheme's alluring promises of unrealistic returns. ...

South Africa’s Crypto Regulation Takes the Lead: FSCA Receives Surge in License Applications

As of the end of October, the FSCA had already received 93 applications for Crypto Asset Provider licenses, redefining the crypto regulation sphere. ...

Stringent penalties imposed on unlicensed crypto companies in South Africa

If any Crypto firms do not comply with the new guidelines, they will face a fine of $510,000 or up to 10 years...