Fais Ombud now able to take on crypto asset complaints
Following the classification of crypto assets as a financial product.
Source: moneyweb.co.za
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Preparing for challenges of cryptocurrency and crime
Without the resources required for modern policing, criminals will continue to exploit investigative weaknesses and cryptocurrency.
Source: dailymaverick.co.za
Rising number of funeral policy providers operating outside the law
Fais Ombud's latest annual report also highlights the total reliance by some FSPs on risk-profiling questionnaires, to clients' detriment.
Source: moneyweb.co.za
There's a new sense of optimism from regulators regarding crypto
Customers now have a degree of protection: the Fais Ombud has jurisdiction to hear crypto-related complaints up to an R800 000 monetary cap.
Source: moneyweb.co.za
Regulations mean cryptos 'can now go mainstream'
Described as a watershed moment for cryptos in SA, industry leaders say it will allow for mass adoption, including from institutional players, while making it easier to snuff out scams.
Source: moneyweb.co.za