D-day for crypto assets has arrived, as FSCA targets scams
Crypto assets now deemed financial products, and bad actors can be reported to the FAIS Ombud.
Source: moneyweb.co.za
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Crypto assets now deemed financial products, and bad actors can be reported to the FAIS Ombud.
At end-March 2021 the ombud had a backlog of 1 036 property syndication complaints, many related to Sharemax schemes.
Administrative penalties against the group and a former director total R12.5m.
The FAIS Ombud helps to resolve complaints between financial services providers and their customers.