- Crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act.
- Declaration of the crypto assets as financial products means crypto asset service providers (CASP), such as exchanges, must apply for a license.
- One consequence of this declaration is that crypto asset service providers (CASP) such as exchanges, now need to apply for a license under the FAIS Act.
South African Financial Sector Regulator Declares Crypto Assets a Financial Product
