Africa · Jurisdiction
South Africa
- verified items
- 2
- tracked initiatives
- 1
- banks with licence / notification
- 1
- upcoming dated deadlines
- 0
What banks are doing (observed)
Observed in verified tracker records — what banks in this market have verifiably been authorised for or launched. Not legal advice; open each source for scope.
Crypto services
FNB (FirstRand)
Key rules & official statements
Verbatim from regulator, central bank and standard-setter sources (Tier 1). Quotes are string-matched against the live page before every deploy.
- T1RegulatorAfricaSARB Deputy Governor Rashad Cassim: payments, digital assets and the future of finance
“The SARB’s exploratory work on retail central bank digital currency is part of a broader effort to understand how public digital money might function in a modernised economy.”
- T1RegulatorAfricaSouth Africa's FSCA has approved 310 of 533 crypto asset service provider licence applications
“A further 124 applications have been voluntarily withdrawn by applicants following engagements with the FSCA on the appropriateness of their respective business and operating models.”
Financial Sector Conduct Authority (South Africa) (opens source in new tab) · Supervisory update
Deadlines & key dates
Dates are quoted from the official text; undated rules are shown as stated. All deadlines
19 Oct 2022 · passed
Crypto assets declared a financial product under the FAIS Act (gazetted)
FAIS Act (crypto assets as financial products) · Regime in force · Financial Sector Conduct Authority (opens source in new tab)
30 Nov 2023 · passed
End of the period in which existing crypto asset providers had to apply for a FAIS licence to rely on the transitional exemption
FAIS Act (crypto assets as financial products) · Application deadline · Financial Sector Conduct Authority (opens source in new tab)
Licensed / notified banks
Banks whose initiative carries a regulator record (authorisation) or a MiCA Art. 60 notification in our tracker.
- FNB (FirstRand)Approved / authorisedFSCA crypto asset service provider licence (FAIS Category I) · Financial Sector Conduct Authority (South Africa)
Tracked bank initiatives
FSCA crypto asset service provider licence (FAIS Category I)
Approved / authorisedUnknownUnknown
Latest verified items
- T1RegulatorAfrica
SARB Deputy Governor Rashad Cassim: payments, digital assets and the future of finance
- T1RegulatorAfrica
South Africa's FSCA has approved 310 of 533 crypto asset service provider licence applications
Authorities: Financial Sector Conduct Authority (South Africa) · South African Reserve Bank
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50 quote-verified items · 56 bank initiatives tracked · 15 jurisdictions
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