Browsing: Financial Sector Conduct Authority

US and European bank regulators are stepping up their scrutiny of AI risks to financial stability.

South Africans are increasingly being targeted by AI-generated fraudsters who sound just like bank employees.

Longer contracts have become South Africa’s answer to unaffordable smartphones – but at a big long-term cost to consumers.

AI presents many risks to South Africa’s financial system, including increased cybercrime, the FSCA has found.

National treasury must address the digital asset elephant in the room.

With South Africa tightening its grip on crypto regulations, crypto asset service providers must act to avoid compliance failures.

The South African Revenue Service has warned taxpayers that they need to disclose details of crypto investments – or else!

South Africa will license about 60 cryptocurrency platforms by the end of the month.

Nearly 10% of South Africa’s population owns crypto assets, with the figure expected to explode to 43% by 2030.

The South African Reserve Bank is set to bring cryptocurrencies into the regulatory oversight of the Financial Sector Conduct Authority.