In Regulatory Responses by Carel van Wyk / 2021-02-22 / 0 comments

Tags: FSCA, Regulation

TL;DR The proposed FSCA draft declaration will force existing business, startups, entrepreneurs, tinkerers, hobbyists, makers and enthusiasts in the cryptocurrency space in South Africa to go through a currently unclear and potentially expensive Financial Services Provider application process with no guarantee of success.  While we in principle support the regulator in ensuring people are safely […]