FSCA

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Namibia

Financial sector urged to embrace South Africa’s cybersecurity standards

Financial Sector Conduct Authority, South Africa Local financial institutions have been encouraged to adopt South Africa’s newly introduced Joint Standard on Cybersecurity and Cyber Resilience Requirements, a comprehensive framework designed to bolster defenses against escalating cyber threats. The regulation, jointly issued by South Africa's Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA), mandates that banks, insurers, pension funds, and other financial service providers implement robust cybersecurity strategies. These […]

today23 May, 2025

Africa

Africa begins licensing crypto as verified transactions hit US $117 billion

    By Conrad Onyango, bird story agency   Regulators in Africa are taking steps to bring crypto entities under official oversight as treasuries seek to blunt fiscal risks amid a surge in demand for digital assets. Authorities in South Africa and Nigeria, the continent's most 'crypto-ready' countries, are leading the continent's efforts to place crypto dealers under a licensing regime to protect consumers against money laundering and terrorism-related risks. […]

today2 April, 2024