In late 2022, aligning with global trends for increased regulation and oversight, South Africa included crypto assets under its primary financial conduct laws. This was effected by the Financial Sector Conduct Authority (FSCA) declaring crypto assets as ‘financial products’ under the Financial Advisory and Intermediary Services Act, 2002. Consequently, anyone providing advice or intermediary services in relation to crypto assets needs a license as a financial services provider, colloquially referred to as a Crypto Asset…