WHAT CRYPTO ASSET PROVIDERS NEED TO KNOW ABOUT LICENSING, REGULATION

WHAT CRYPTO ASSET PROVIDERS NEED TO KNOW ABOUT LICENSING, REGULATION

Anyone who provides financial advice or intermediary services in respect of crypto assets will have to register as an FSP following the FSCA’s declaration that these assets are financial products under the FAIS Act. The declaration was made in General Notice 1 350 of 2022 and took effect from 19 October. It puts in place a regulatory and licensing regime for persons providing financial services in respect of crypto assets. Crypto asset FSPs must be licensed and will be subject to the FSCA’s oversight and supervision. Click here to read more

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