Digital Currency
Add as a preferred source on GoogleThe inspections assessed whether licensed providers met established standards.
An April 15 update said South Africa’s Financial Sector Conduct Authority carried out 30 supervisory inspections of crypto asset service providers during the fiscal year that ended March 31, 2026.
The authority said most inspections examined anti-money-laundering, counter-terrorist-financing and counter-proliferation-financing compliance, while also assessing newly licensed firms’ ability to meet duties tied to their risk profiles.
The active entry permits Exchange Services and names institutional, qualified and retail investors as eligible customers.
The Oct. 20-21 meeting in Montevideo also covered regulatory sandboxes, cybersecurity and financial-user protection while the online authorization process for providers was underway.
Bloomberg put the proposed package at about R10 billion ($610 million), including R3 billion in cash and R7 billion in assumed debt. The company says no binding offer is in place.
