Tag: Financial Sector Conduct Authority

ANC and DA Coalition: Ramaphosa Re-Elected, Crypto Unchanged

Cyril Ramaphosa, who was re-elected as president of South Africa, led the first multi-party coalition government, the African National Congress, in the country's...

Scam-Proof Crypto Licensing Revolutionizes South Africa’s Market

South Africa's FSCA (Financial Sector Conduct Authority) has initiated licensing for crypto firms, aiming to authorize 60 firms. The first firms to receive...

The African Perspective on U.S. Crypto ETFs

Cryptocurrency ETFs have increased interest in cryptocurrencies globally, influencing other African digital asset companies and generating market attention. Regulation of crypto assets in...

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...