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FSPs given until the end of May to complete crypto assets survey

The FSCA has given FSPs until 31 May to complete an electronic survey of their crypto-asset-related activities.

The purpose of the survey is to assist the FSCA in obtaining a better understanding of the extent to which FSPs are currently operating in the crypto asset environment, the FSCA said this week.

“It is envisaged that the requested information will assist the FSCA in making more informed decisions regarding the potential future regulation of crypto asset-related activities,” the FSCA said.

Queries about the survey can be sent to the Regulatory Frameworks Department at karien.nel@fsca.co.za or johann.vanderlith@fsca.co.za.

Failure to provide the information by the deadline is an offence under section 267 of the Financial Sector Regulation Act.

Click here to access the survey.

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