South African regulators issue fresh crypto investment warning Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market. 7576 Total views
South Africa’s Financial Sector Conduct Authority is sounding the cryptocurrency scam alarm once again.
In a press release issued on Thursday, the FSCA enjoined the public to do their own due diligence before investing in any crypto-related project.
According to the FSCA the high-risk nature of the crypto investment space is being further exacerbated by the multitude of elaborate cryptocurrency scams in the country.
Indeed, as previously reported by Cointelegraph, the spate of crypto scams in South Africa is pushing the authorities towards stricter regulatory control over the industry.