FSCA (Financial Sector Conduct Authority)

Definition

The Financial Sector Conduct Authority (FSCA) regulates market conduct in South Africa. In 2022 it declared crypto assets a financial product, bringing crypto asset service providers (CASPs) under licensing requirements. The FSCA is a regulator, not the tax authority, but its oversight increases transparency and record-keeping in the sector, which indirectly supports tax compliance and SARS data access.

Example

A South African crypto exchange must be licensed as a financial services provider with the FSCA to operate lawfully.

Jurisdiction notes

• South Africa: The FSCA declared crypto a financial product in 2022 and licenses crypto asset service providers; it is a conduct regulator, not SARS.

See also

• SARS (South African Revenue Service)
• SARB (South African Reserve Bank)
• CARF (Crypto-Asset Reporting Framework)
• CEX (Centralised Exchange)