Financial Advisory and Intermediary Services (FAIS) Act

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South African Financial Sector Regulator Declares Crypto Assets a Financial Product

Post author:MiamiCrypto
Post published:October 20, 2022
Post category:Crypto asset crypto asset service providers (CASP)Farzam Ehsani Financial Action Task Force (FATF)Financial Advisory and Intermediary Services (FAIS) Act financial product Financial Sector Conduct Authority (FSCA)Kuben Naidoo Regulation South Africa VALR

According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of…

South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan

Post author:MiamiCrypto
Post published:July 17, 2022
Post category:crypto regulatory framework Crypto tax Financial Advisory and Intermediary Services (FAIS) Act KYC Regulation South Africa crypto investors South African Reserve Bank (SARB)Tax Consluting SA tax evasion

South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months —…