The Financial Sector Conduct Authority (FSCA) has provided an update on the licensing of Crypto Asset Service Providers (CASPs) under the Financial Advisory and Intermediary Services (FAIS) Act. As of 30 June 2024, the FSCA has approved a total of 138 CASPs in South Africa.
The FSCA’s licensing only pertains to the provision of financial services related to crypto assets, not the recognition of crypto assets as legal tender. For further details and updates, please visit the FSCA website.
Please click here for the full press release.
In line with these developments, SAIFM is excited to announce that we have launched a Crypto Assets module to further support industry professionals. Enroll and register now on www.virtualexamcentre.co.za.