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OVERSEAS LICENCES
South Africa · FSCA
Crypto-asset financial services (CASP)
Authority or frameworkFSCA
Business scopeCrypto-asset financial services (CASP)
Capital and financial requirementsCheck the permitted activities and financial requirements
TimingAssessed against due diligence and regulatory procedures
Purpose of the licence
Providing crypto-asset financial advice or intermediary services regulated under the FAIS framework in South Africa requires a review of the applicable FSCA permissions and exemptions. A CASP licence must not be treated as covering every crypto-asset activity.
Acquisition and application arrangements
Before acquiring an existing licensed company, verify its licence status, conditions, personnel requirements and regulatory change procedures. Handle applications, notifications and handover arrangements according to the transaction. Processing time depends on the licence category, regulatory procedures and circumstances.
Advisory pointers
Before an acquisition, check FSCA licence status, permitted activities and personnel arrangements. Handover timing depends on the company and required procedures.