South Africa crypto license requirements checklist for 2026
With South Africa's Financial Sector Conduct Authority (FSCA) set to enforce mandatory crypto asset service provider (CASP) licensing by 2026, founders must prepare a rigorous compliance checklist to secure their license and avoid penalties. CRYPTO LICENSE GUIDE · 2026 South Africa crypto license Crypto licensing across 15+ jurisdictions CONSULTING24.CO Understanding the FSCA Crypto Licensing Regime The FSCA declared crypto assets as financial products under the Financial Advisory and Intermediary Services Act (FAIS) in October 2022. Since then, all crypto asset service providers have been required to register as CASPs. By 2026, the FSCA will fully enforce licensing, meaning unregistered entities face fines or closure. The licensing process involves demonstrating fit and proper status, compliance with anti-money laundering (AML) rules, and adherence to the Financial Intelligence Centre Act (FICA). The FSCA distinguishes between different categories of crypto services, includin...