Fintech & Cryptocurrency Law

Safeguarding Your Wealth - Asset Security in the Fintech Era

Safeguarding Your Wealth: Asset Security in the Fintech Era

The financial technology (fintech) law and regulatory landscape is constantly evolving and could present first-mover fintech opportunities for those who keep up-to-date with these developments. In this article we delve into strategies and best practices for asset protection for those venturing into the realm of fintech investments. The Fintech Landscape Fintech has revolutionized the financial […]

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Five Key Practices for Seamless Fintech Compliance

Five Key Practices for Seamless Fintech Compliance

Because financial technology (fintech) is relatively new and has developed faster than legislative processes, and because the nuances of blockchain applications are varied, Fintech and Crypto Law covers a broad range of regulations, many of which were formulated before its existence.  As such, it covers laws and regulations in the fields of financial services, ITC,

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Top 8 Legal Considerations for Launching a Cryptocurrency-Based Fintech Startup

Launching a cryptocurrency-based fintech startup is a venture that marries innovation with intricate legalities and founders are required to traverse a complex legal terrain, marked by fluctuating regulatory environments and novel legal challenges. This journey demands careful consideration of various legal aspects, including regulatory compliance, intellectual property protection, data privacy, and the intricacies of contractual

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Crypto Investment: Licences You Need And Rules You Need To Know

What is a cryptocurrency investment licence, and why is it needed? The Fintech legal sector has seen an increase of activity in recent years spurred on by the disruptive nature of blockchain technology, distributed ledgers, smart contracts and the use of artificial intelligence and data analytics. Regulators recognise the potential of the Fintech innovations and

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Top 10 Fintech Regulatory Challenges in 2024

Top 10 Fintech Regulatory Challenges in 2024

As digital transformation continues to accelerate, it’s evident that the fintech sector is not just responding to current demands, it is also anticipating the future needs of businesses and consumers alike. With the emergence of decentralised platforms to the integration of financial services into everyday consumer experiences, each year brings significant milestones in the fusion

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Fintech and Blockchain - Innovations vs. Regulatory Compliance

Fintech and Blockchain: Innovations vs. Regulatory Compliance

The Fintech Revolution To lay a foundational understanding of the so-called Fintech Revolution, it is important to delineate the terms blockchain, fintech, and cryptocurrency from the outset. Blockchain technology stands as a decentralized and tamper-resistant digital ledger, which securely documents transactions across a vast network of computers. Fintech, short for financial technology, encapsulates a number

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Cryptocurrency taxation - Understanding the basics

Cryptocurrency Taxation: Understanding the Basics

A crypto asset is a digital representation of value that is not issued by a central bank, but is traded, transferred and stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility, and applies cryptography techniques in the underlying technology SARS Because financial technology (fintech) is relatively

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Cryptocurrency in South Africa - Is it regulated

Cryptocurrency in South Africa: Is it regulated?

Financial technology or Fintech is a relatively new field and has developed faster than many legislative processes. Because the nuances of blockchain applications are varied, Fintech and Crypto Law covers a broad range of regulations, many of which were formulated before its existence.  As such, it covers laws and regulations in the fields of financial

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Crypto Asset Service Providers Further Regulated

The Minister of Finance has amended the Schedules to the Financial Intelligence Centre Act of 2001 (FICA) which comes into effect on 19 December 2022. The amendments include crypto asset service providers (CASPs) within the definition of an “accountable institution” in Schedule 1 of FICA. CASPs will have to register with the Financial Intelligence Centre

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Crypto assets declared financial products in South Africa under the FAIS Act in 2022

Last week, the Financial Sector Conduct Authority (FSCA) officially declared “crypto assets” to be financial products in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act).  Financial services under the FAIS Act are regarded as any “advice” or “intermediary service” (dealing, managing, administrating, servicing, or maintaining) in respect of a

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