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On 19 October 2022, the Financial Services Conduct Authority (FSCA) published the Declaration of a Crypto Asset as a Financial Product under the Financial Advisory and Intermediary Services Act 37 of 2002 ("FAIS Act") (the "Declaration") in terms of which crypto assets have been declared 'financial products' by the FSCA.
The strongest deterrent against FSP compliance missteps is or should be: