2 years ago
South Africa's fiscal watchdog issued a announcement informing consumers to beryllium "cautious and vigilant" erstwhile dealing with crypto exchanges FTX and Bybit.
"It has travel to the attraction of the FSCA that FTX mightiness beryllium offering the South African public, entree to its online level to commercialized successful amongst others, derivatives instruments," the FSCA said.
"FTX is not authorised to springiness immoderate fiscal proposal oregon render immoderate intermediary services successful presumption of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) successful South Africa."
Bybit has said it wishes to use with the FSCA for the required authorization. FTX has not responded to the regulator's communication.
FTX had not responded to CoinDesk's petition for remark astatine property time.
Following a brace of large scams involving crypto companies successful South Africa past year, the FSCA announced plans successful December to hole a regulatory model connected however crypto trading should beryllium conducted. The model is acceptable to beryllium unveiled aboriginal this year.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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