
Crypto payment-type activity may fall under FAIS, say regulators
Crypto assets fall outside the NPS Act, but intermediary-led payment-type activity involving crypto may still trigger a licensing requirement.

Crypto assets fall outside the NPS Act, but intermediary-led payment-type activity involving crypto may still trigger a licensing requirement.

Regulatory initiatives across payments, digital assets, open finance and embedded finance are expected to progress this year.

Research across five countries finds consumers prefer banks over crypto platforms, citing security, regulation, and protection from scams.

Top domestic Bitcoin wallets moved nearly R63bn offshore since 2019, spurring the SARB and Treasury to develop a cross-border crypto transaction framework.

The partnership positions Absa among South African banks exploring blockchain infrastructure, offering secure custody for cryptocurrencies.

It has become clear that blockchain technology and the cryptocurrencies it supports are here to stay. It is time to start seriously considering whether and how these crypto markets should be regulated. Although […]