Category: South Africa

South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse

South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse

“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg. Jan 27, 2021 at 2:06 p.m. UTCUpdated Jan 27, 2021 at 2:32 p.m. UTC South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse South Africa’s financial market regulator is seeking greater oversight of the cryptocurrency […]

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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

Nov 21, 2020 at 6:32 p.m. UTC Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator. “The Declaration would have the effect that any person […]

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