As global jurisdictions, including South Africa, gear up to implement the Crypto-Asset Reporting Framework by 2027, a new era of tax compliance and intensified efforts to combat crypto-related tax evasion is on the horizon.
One can continue to render crypto asset financial services if the application is submitted by 30 November.
The Financial Intelligence Centre publishes an authoritative guidance document.
Clarity on when a gain is considered revenue or capital.
Lack of regulation and insufficient knowledge are the main barriers.
Advertising Regulatory Board adds new rules governing the marketing of crypto products and services.
A complaint must be about crypto advice and services rendered from 19 October 2022.
New trends call for new requirements. Help your clients to fulfil their wishes when the time comes.
The Authority wants to get a better understanding of the conduct risks related to crypto activities.
Government uses opportunity provided by Brexit to ‘cut red tape’ and ‘turbocharge growth.
It’s possible that, at some point, providers of crypto asset services will be required to submit third-party data to Sars.
Since their inception in 2009, there have been many misconceptions about crypto assets, often referred to as cryptocurrencies. These misconceptions have cost investors millions of rands and have subsequently been addressed or explained […]
Pending regulations flowing from the Retail Distribution Review (RDR) will not be processed in their current form but will be incorporated into new regulations that will developed under the Conduct of Financial Institutions […]
National Treasury’s second draft amendments to Regulation 28 of the Pension Funds Act have relaxed the restrictions on investments in infrastructure and will prevent funds from investing in crypto assets. Treasury said it […]
In a recent press release the Financial Sector Conduct Authority (FSCA) notes its concern with the increasing volume of crypto assets (cryptos) related losses suffered by financial consumers in the past months and […]
The Financial Sector Conduct Authority (FSCA), issued a warning on 2 February 2021 against the growing cryptocurrency scams in the country. “The FSCA is receiving a large number of complaints from South African […]
On Friday, the Financial Sector Conduct Authority (FSCA) published a draft declaration of crypto assets as financial products. “Globally there is rapid growing interest by retail investors to purchase crypto assets. South Africa […]
