financial sector conduct authority (fsca)

  1. Hanno Labuschagne

    Online scammers using high-profile entities to steal money

    Online scammers using high-profile entities to steal money South Africans should be wary that fraudsters targeting their salaries and pensions have become better at impersonating major institutions. According to a Sunday Times report, scammers have increasingly masqueraded as prominent...
  3. Jan

    FSCA received 128 applications for crypto asset service provider licences

    Major update on crypto asset service provider licensing in South Africa The Financial Sector Conduct Authority (FSCA) says it received 128 applications for crypto asset service provider licences as of 30 November 2023. Today is the last day for already-operating providers to submit their...
  4. Jan

    FSCA says about 20 crypto exchanges have applied for licences in South Africa so far

    Crypto exchanges start applying for licences in South Africa South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority has received about 20 applications...
  5. Jan

    Lawyers are the big winners in Mirror Trading International liquidation

    Big winners in Mirror Trading International scam — liquidators blow R113 million Mirror Trading International’s liquidators have spent R90,243,021.55 on lawyers and consultants since taking control of the Bitcoin-based network marketing scam’s estate. In total, they have disbursed...
    • Jan
    • Thread
    • alma de wet anonymous za cyril ramaphosa financial sector conduct authority (fsca) johann steynberg john hlope mirror trading international (mti) patricia goliath
    • Replies: 37
    • Forum: Broadband and IT News
  6. Jan

    FSCA cancels ZAR X exchange licence

    FSCA orders ZAR X to shut down The Financial Sector Conduct Authority (FSCA) has announced that it has cancelled the exchange licence of ZAR X with immediate effect. ZAR X was granted a stock exchange licence by the Financial Services Board in March 2016 and started trading in February 2017.
  7. Jan

    Building regulatory sandboxes and not sand houses - Sifiso Skenjana column

    South Africa must build regulatory sandboxes, not sand houses — including Icasa As we head get into the February busy season with both the State of the Nation Address as well as the Budget Speech later in the month, all eyes will be both on President Ramaphosa and Finance Minister Enoch...
    • Jan
    • Thread
    • cyril ramaphosa enoch godongwana financial sector conduct authority (fsca) independent communications authority of south africa (icasa) intergovernmental fintech working group (ifwg) regulatory sandbox sifiso skenjana south african reserve bank (sarb) state of the nation address (sona)
    • Replies: 3
    • Forum: Broadband and IT News
  8. Jan

    CryptoQR payments roll out to all 1,500 Pick n Pay stores in South Africa

    Pick n Pay rolls out Bitcoin payments to 1,500 stores CryptoConvert has announced that its CryptoQR platform is now active at all Pick n Pay stores around South Africa, allowing shoppers to pay with Bitcoin using the Lightning network. The rollout includes PnP Express and Pick n Pay Clothing...
    • Jan
    • Thread
    • bitcoin carel van wyk cryptoconvert cryptoqr electrum financial sector conduct authority (fsca) lightning network pick n pay
    • Replies: 26
    • Forum: Cryptocurrency and Blockchain
  9. Jan

    Ovex wants to buy a bank

    South African cryptocurrency exchange aims to buy a bank South African cryptocurrency exchange operator and digital asset market maker Ovex hopes to acquire a bank. “We’re far larger and more profitable than a lot of the smaller banks in South Africa,” Ovex CEO Jonathan Ovadia told MyBroadband.
  10. Jan

    FSCA declares crypto assets a financial product

    South Africa declares cryptocurrency a financial product Crypto assets are to be treated as financial products in South Africa to make it easier for regulators to monitor the market and help to safeguard consumers. The Financial Sector Conduct Authority (FSCA) defined crypto assets as "a...
    • Jan
    • Thread
    • binance farzam ehsani financial action task force (fatf) financial sector conduct authority (fsca) hannes wessels luno marius reitz valr
    • Replies: 5
    • Forum: Cryptocurrency and Blockchain
  11. Jan

    South Africa's plan to regulate cryptocurrencies - don't expect anything soon

    South Africa's plan to regulate cryptocurrencies — including tax and exchange controls South African Reserve Bank (SARB) deputy governor Kuben Naidoo says that the public should not expect a "big bang" of cryptocurrency regulations with a fully-formed regime launching at once. Instead, there...
    • Jan
    • Thread
    • blockchain conduct of financial institutions bill (cofi bill) cryptocurrencies fais act financial intelligence centre act (fica) financial sector conduct authority (fsca) kuben naidoo psg wealth south african reserve bank (sarb)
    • Replies: 11
    • Forum: Broadband and IT News
  12. Jan

    US CFTC lays civil charges against MTI and Johann Steynberg for R28 billion fraud

    United States lays charges against South African man over R28 billion Bitcoin scam The United States Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in which it charged Mirror Trading International (MTI) and its CEO Johann Steynberg with fraud. “This action is...
    • Jan
    • Thread
    • commodity futures trading commission (cftc) financial sector conduct authority (fsca) johann steynberg mirror trading international (mti)
    • Replies: 14
    • Forum: Broadband and IT News
  13. Jan

    Man arrested in Mirror Trading International case for failing to appear before enquiry

    First South African arrest in Mirror Trading International case An alleged net beneficiary of Mirror Trading International has been arrested after failing to appear before a Section 417/418 enquiry called by the scheme’s liquidators. Multiple sources have informed MyBroadband that Phillip...
    • Jan
    • Thread
    • cheri marks clynton marks financial sector conduct authority (fsca) gerald lassen ignatius bell johann steynberg marinus bell mirror trading international (mti) nico boshoff nico van der merwe phillip botha usher bell
    • Replies: 6
    • Forum: Broadband and IT News
  14. Jan

    MTI liquidators slam attempts to prevent it from being declared a pyramid scheme

    MTI liquidators slam members trying to stop it from being declared a pyramid scheme Mirror Trading International's liquidators have hit back at claims that victims would lose money if the scheme were declared unlawful. According to the liquidators, this argument is being furthered by some of...
    • Jan
    • Thread
    • bitcoin financial sector conduct authority (fsca) hendrik van staden investrust mirror trading international (mti) riaan van rooyen south african revenue service (sars)
    • Replies: 10
    • Forum: Broadband and IT News
  15. Jan

    FSCA planning to unveil regulatory framework covering cryptocurrencies in 2022 to protect the vulnerable

    South Africa is getting new cryptocurrency rules South Africa’s financial regulator is planning to unveil a regulatory framework covering cryptocurrencies early next year to help protect vulnerable members of the society from highly risky assets. The rules, designed in concert with peers like...
  16. Jan

    Mirror Trading International liquidators say they rejected all claims in first creditors' meeting to save time

    What the Mirror Trading International liquidators tried to hide — all member claims rejected At the first meeting of creditors held with the Master of the High Court on 5 November, the provisional liquidators of Mirror Trading International resolved to reject all claims that the scheme's former...
    • Jan
    • Thread
    • anonymous za financial sector conduct authority (fsca) fxchoice johann steynberg maxtra technologies mirror trading international (mti)
    • Replies: 9
    • Forum: Broadband and IT News
  17. Jan

    FSCA warns South Africans against using Binance

    South Africans warned against buying Bitcoin from the biggest exchange in the world The Financial Sector Conduct Authority (FSCA) warns the public to be cautious and vigilant when dealing with Binance Group. In a statement issued on Friday, the FSCA said that Binance is not authorised to give...
  18. Jan

    ZAR X exchange licence suspended over liquidity requirements problems

    FSCA suspends ZAR X exchange licence The Financial Sector Conduct Authority (FSCA) has suspended the exchange licence of ZAR X effective from 16:00 on Friday, 20 August 2021. ZAR X is allowed to operate as an exchange to give effect to transactions in progress or otherwise not finalised at the...
  19. Jan

    Legal eagles in MTI case are worried about what might happen if it is declared a pyramid scheme

    Shocking twist in multi-billion Mirror Trading International case Startling allegations against the liquidators of Mirror Trading International (MTI) and the Financial Sector Conduct Authority have come to light in court papers filed to oppose the declaration of the scheme as an illegal...
    • Jan
    • Thread
    • cheri marks clynton marks financial sector conduct authority (fsca) fxchoice investrust mirror trading international (mti)
    • Replies: 24
    • Forum: Cryptocurrency and Blockchain
  20. Jan

    FSCA wants to slap Mirror Trading International with a R100 million fine

    Mirror Trading International faces R100 million fine The Financial Sector Conduct Authority (FSCA) has issued a warning to the leadership of Mirror Trading International that it plans to levy a fine of R100 million against the scheme for violating South Africa's financial regulations. Mirror...
    • Jan
    • Thread
    • andrea coetzer brandon topham financial sector conduct authority (fsca) mirror trading international (mti)
    • Replies: 24
    • Forum: Cryptocurrency and Blockchain
Back
Top
Sign up to the MyBroadband newsletter