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South Africa

ZA / ZAFLegal — Regulated

FSCA declared crypto assets as financial products in 2022. CASP (Crypto Asset Service Provider) licensing mandatory from June 2023. GREY-LISTED by FATF in 2023 — increased AML scrutiny.

Key Regulations

Financial Sector Regulation ActFSCA Declaration (2022) — crypto as financial productFAIS Act

Regulatory Context

Crypto assets are legal in South Africa under applicable regulatory frameworks. Exchanges and service providers typically require registration or licensing with FSCA. AML/KYC obligations apply to virtual asset service providers (VASPs) under FATF guidance.

Regulatory Profile

Primary Regulator

FSCA

Official site

Currency

ZAR

MiCA Applies

FATF Member

Yes

OFAC Sanctions

None

G20 / OECD

G20

SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "ZA"
  }
}

Expected verdict

COMPLIANT

Test SL-1 on your protocol →

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