The Financial Sector Conduct Authority (FSCA), the body that regulates and supervises the conduct of financial institutions, is investigating whether listed company Nutritional Holdings’s attempt to launch a cryptocurrency breached any laws or regulations.

The penny stock company attempted to raise money for its new cannabis supplement business through asking shareholders to invest in SA’s “first cryptocannabis currency”, a digital currency called Cannacrypt...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now