MAS tightens custody segregation rules and clarifies cross-border passporting expectations for DPT service providers.
Largest South African crypto enforcement action to date underscores supervisor's appetite for penalties.
First post-Tornado prosecution applying a novel money-transmission theory to coin-join service operators.
Dubai regulator emphasises cross-border counterparty diligence as the next compliance frontier.
Parliament endorses dual-supervisor model dividing oversight between markets and payments.
Regulators signal limited tolerance for 'best-effort' interpretations of MiCA Title V passport scope.
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View all stories →MAS issued revised guidance for DPT service providers, tightening client-asset segregation, governance, and the treatment of overseas activities conducted from Singapore.
DAI Insight: This is less about custody mechanics and more about which firms get to call themselves Singapore-regulated when selling into Asia.
The FSCA issued a R62 million administrative penalty against Joburg Digital for operating as a CASP without a licence — the largest such penalty in the country to date.
DAI Insight: South Africa has crossed the line from rule-making to rule-enforcement. The rest of the continent is watching the playbook.
US prosecutors unsealed an 11-count indictment naming three operators of the Nimbus Mixer Network, alleging USD 340 million in obfuscated flows.
DAI Insight: The US is not litigating whether privacy is legal — it is establishing that running infrastructure is a regulated act.
Country-level intelligence and regulatory readiness across African markets.
Global regulatory developments, licensing frameworks, and supervisory guidance.
Case studies, typologies, investigations, sanctions, and enforcement trends.
Financial Sector Conduct Authority (FSCA) · South African Reserve Bank (SARB)
Crypto Asset Service Provider licensing under FAIS Act; 138+ CASPs licensed.
FIC Act applies to CASPs since 2022; risk-based CDD, STR/CTR reporting.
Implemented — Directive 9 of 2023 — full Travel Rule compliance required.
SARS treats crypto as intangible assets; income or CGT depending on intent.
FAIS conduct standards; Treating Customers Fairly principles applied.
First major penalty for unlicensed CASP operation.