FSCA reports 30 supervisory inspections of crypto asset service providers in a year

The FSCA published a supervisory update on crypto asset service provider licensing on 15 April 2026, reporting 30 supervisory inspections of CASPs conducted between April 2025 and March 2026 under the Financial Advisory and Intermediary Services Act. No new licensing regime accompanied the update; the FAIS Act framework remains the baseline.

Thirty inspections in twelve months means the FSCA is physically supervising its licensed crypto sector, at a tempo of roughly one inspection every ten days, rather than licensing it and stepping back. South Africa remains the only African jurisdiction where crypto firms hold conduct licences and receive routine supervisory visits, and the inspection findings will inform where FSCA enforcement focuses next, as illustrated by the earlier QuickTrade penalty.