The regulator has imposed R10-million in penalties and 20-year debarments over trading in shares in September 2022.
Browsing: FSCA
South Africa’s financial services sector regulator has debarred Africa Bitcoin Corporation CEO Warren Wheatley.
AI presents many risks to South Africa’s financial system, including increased cybercrime, the FSCA has found.
The ZAR Supercoin stablecoin is “purpose-built” for South Africa and is backed by the same company that owns Betway.
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.
South Africa is set to adopt a raft of legislative changes over the next three to five years to modernise the regulatory framework for financial institutions.