Why South African Crypto Regulation Is So Unique

News, Opinion, Regulation | August 25, 2020 By:

What makes South Africa’s crypto regulation unique is the fact that traders are fully protected and can, at their own risk trade with unregulated brokers. The FSCA, in the past known as the Financial Services Board, is a monetary guard dog of South Africa and is entrusted with managing the market by shielding the residents and the economy from any potential illegal tax evasion and fraud.


Blockchain ID System Prototype Demoed By Investec, BankservAfrica

Blockchain, News | March 4, 2019 By:

Investec, an international specialist banking and asset management group, has partnered with South African automated clearing house BankservAfrica and identity platform Uport to demonstrate a blockchain-based digital identity system.

The digital identity system prototype, which Investec believes could enhance trust and security in South Africa’s financial system,


Crypto Regulatory Working Group Set By South Africa

Job Appointments | January 5, 2019 By:

South Africa has created a dedicated regulatory working group on cryptocurrency and blockchain.

Finance minister Tito Mboweni said the working group includes representatives from the Financial Intelligence Centre, Financial Sector Conduct Authority, Treasury, the Reserve Bank, and the SA Revenue Service (Sars).

The working group will study the country’s cryptocurrency industry and create a unified intergovernmental framework for it,