Legal
How ZARP operates inside South Africa's regulatory framework for crypto assets.
ZARP is committed to operating within South Africa's evolving regulatory framework for crypto assets, with transparency and accountability at the core of everything we do.
South Africa has established itself as a leader in crypto asset regulation on the African continent. In 2022, crypto assets were declared a financial product under the Financial Advisory and Intermediary Services Act (FAIS), bringing them under the oversight of the Financial Sector Conduct Authority (FSCA).
All Crypto Asset Service Providers (CASPs) operating in South Africa are required to hold an FSCA licence and comply with the Financial Intelligence Centre Act (FICA), including anti-money laundering (AML), counter-terrorism financing (CTF), and customer due diligence (CDD) obligations.
ZARP operates within this framework. Our issuing partners, the licensed exchanges and platforms through which ZARP is issued and redeemed, hold the required CASP licences and are responsible for conducting KYC and AML checks on all users who interact with ZARP through their platforms.
All ZARP issuance and redemption occurs through licensed partners who perform identity verification and customer due diligence in line with FICA requirements. ZARP cannot be issued anonymously.
Our partners maintain robust AML and CTF programmes, including transaction monitoring, sanctions screening, and suspicious transaction reporting to the Financial Intelligence Centre (FIC).
Every ZARP token in circulation is backed 1:1 by South African Rand held in reserve. Our reserves are managed by Old Mutual Wealth, one of Africa's most established asset managers, and are independently attested by Kempen Audit.
Reserve attestation reports are published regularly and confirm that the total value of reserves meets or exceeds the total supply of ZARP tokens across all chains. On-chain supply is independently verifiable at any time.
View Transparency ReportZARP is a founding member of the Stablecoin Standard, a global industry body that promotes best practices in stablecoin issuance. Members commit to transparency, proper reserve management, and consumer protection, raising the bar for the entire stablecoin industry.
ZARP is not legal tender and is not issued, guaranteed, or endorsed by the South African Reserve Bank (SARB) or any government authority. ZARP is a privately issued Rand stablecoin.
ZARP is a crypto asset token that represents Rand value on-chain. It is not a security, does not confer ownership rights in any entity, and does not constitute an investment product.
ZARP holdings are not protected by any deposit insurance scheme. While reserves are held with established financial institutions, holders bear the risks associated with holding a digital asset.
The regulatory landscape for crypto assets in South Africa continues to evolve. ZARP is committed to adapting its operations and compliance posture as new regulations and guidance are issued by the FSCA and other authorities.
Content: zarpstablecoin.com/compliance, pulled August 2026. Em dashes were replaced with commas per the site copy style. The official page is authoritative.