The Financial Services Board of south africa (FSB) is a supervisory body of financial services industry in south africa under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The company that intends to conduct Forex business on a discretionary basis must obtain a Category II Discretionary FSP license with FSB.Overview Annual levy paid by a licensed FSP is calculated...
Path: Licensing**A regulatory group of experts in south africa, comprised of south africa’s Financial Intelligence Centre (FIC), Financial Sector Conduct Authority (FSCA), National Treasury (NT), the south african Revenue Service (SARS) and the south african Reserve Bank (SARB), released a clarification paper on crypto assets this week.** The SARB is very careful when it comes to comprehensive regulations ...
Path: BlogCryptocurrencies have been shown to be mainstream in south africa, with 10.7% of the country’s residents owning crypto, which is one of the highest of any country at the moment. south africa’s cryptocurrency market has reached a point where it can no longer be ignored. At the end of the last year the south african Reserve Bank (SARB) reported that they are going to impose new regulations...
Path: Blog**Two of worlds global economic giants, Japan and south africa, are to set new crypto regulations in the scope of recent activities and scandals within the cryptocurrency market.** **Japan works on both regulatory and diplomatic levels to introduce Crypto Regulations.** In terms of introducing crypto regulations, Financial Services Agency (FSA), Japan’s financial watchdog, has recently e...
Path: BlogThe theme of the 11th annual BRICS summit which was held in Brazil this November was strengthening economic growth. As reported by Russian news outlet RBC, five growing economies including Brazil, Russia, India, China, and south africa, were discussing the launch of the “BRICS cryptocurrency” and unified payment system. The idea of creating a new cryptocurrency and a single payment transac...
Path: Blog...her manipulations. Currently Nigeria is the biggest crypto market in Africa and is considered as a crypto-hotspot. According to Google Trends, Nigeria is ranked first worldwide in Google searches for terms like ‘Bitcoin’, ‘Ethereum Nigeria, south africa, and Kenya lead the continent in monthly crypto transfers. These activities have led SEC to introduce and implement adequate legislation....
Path: Blog... in crypto. This is not the first time this year, that Japan makes statements on cryptocurrency restriction. Furthermore, it is clear that a world-wide trend is settling, since many other countries from all over the globe, for example Estonia and south africa, are moving in the very same direction and pay attention to digital currency jurisdiction. Our editorial office evaluates those chang...
Path: Blog...us, Belgium, Canada, China, the Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Kyrgyzstan, Lebanon, Malta, Mauritius, Moldova, Montenegro, Norway, Qatar, Poland, Romania, Russia, Singapore, Slovenia, south africa, Sweden, Syria, San Marino, Serbia, Seychelles, Tadzhikistan, Thailand, Ukraine, United Arab Emirates, United Kingdom and USA. Other...
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