SAIFM RPE Crypto Assets Practice Questions - SAIFM Registered Persons Examination Regulation of Crypto Assets & CASP Compliance Exam - SAIFM RPE Crypto Assets Practice Questions - SAIFM Registered Persons Examination Regulation of Crypto Assets & CASP Compliance Exam

Question 1

Under the Financial Sector Conduct Authority (FSCA) declaration of October 2022, how are crypto assets legally classified in South Africa?

As legal tender currency issued by the South African Reserve Bank As a financial product under the Financial Advisory and Intermediary Services (FAIS) Act 37 of 2002 As physical commodities subject to the Consumer Protection Act only As foreign currency governed exclusively by the Exchange Control Regulations

Correct Answer:

As a financial product under the Financial Advisory and Intermediary Services (FAIS) Act 37 of 2002

Question 2

Which regulatory body in South Africa holds the primary statutory authority for issuing licenses to Crypto Asset Service Providers (CASPs)?

Prudential Authority (PA) Financial Intelligence Centre (FIC) Financial Sector Conduct Authority (FSCA) South African Revenue Service (SARS)

Correct Answer:

Financial Sector Conduct Authority (FSCA)

Question 3

Effective December 2022, amendments to Schedule 1 of the Financial Intelligence Centre Act (FICA) added CASPs under which status?

Supervisory Bodies Accountable Institutions Reporting Institutions Exempted Entities

Correct Answer:

Accountable Institutions

Question 4

What primary mechanism allows a distributed ledger (blockchain) to achieve trustless agreement across decentralized nodes without a central server?

Central clearinghouse audit Consensus algorithm Statutory decree Symmetric encryption key sharing

Correct Answer:

Consensus algorithm

Question 5

Under FSCA market conduct guidelines for CASPs, what is the mandatory requirement regarding client crypto assets and company proprietary funds?

Client assets must be co-mingled with operating funds to boost liquidity reserves Client assets must be strictly segregated from company proprietary assets at all times Client assets may be lent to third parties without prior written consent Client assets must be converted to physical gold and stored in a bank vault

Correct Answer:

Client assets must be strictly segregated from company proprietary assets at all times

Question 1

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Prepare with the SAIFM RPE Crypto Assets Practice Questions - SAIFM Registered Persons Examination Regulation of Crypto Assets & CASP Compliance Exam practice quiz. This question bank includes 100 questions covering casp, crypto, fsca, fica, and client. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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SAIFM RPE Crypto Assets Practice Questions - SAIFM Registered Persons Examination Regulation of Crypto Assets & CASP Compliance Exam

This practice set contains 100 questions from the matching question bank and focuses on casp, crypto, fsca, fica, and client. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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SAIFM RPE Crypto Assets Practice Questions - SAIFM Registered Persons Examination Regulation of Crypto Assets & CASP Compliance Exam

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