South Africa: 75 Crypto Firms Granted Licenses

IconCrypto News Terminal24 Apr, 2024

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South Africa: 75 Crypto Firms Granted Licenses

The Financial Sector Conduct Authority (FSCA) in South Africa has granted operating licenses to 75 crypto platforms as of May 23, 2023. This move is a significant step in the regulation of cryptocurrency in South Africa and will help to protect consumers and promote the growth of the industry. Some of the licensed companies include South African crypto exchange VALR, Digital Currency Group (DCG)-owned crypto exchange Luno, and crypto social investment platform Zignaly. Previously on April 22, 2024 - "The Financial Sector Conduct Authority (FSCA) in South Africa has granted operating licenses to 75 crypto platforms as of May 23, 2023, according to a report by Crypto News. Some of the licensed companies include South African crypto exchange VALR, Digital Currency Group (DCG)-owned crypto exchange Luno, and crypto social investment platform Zignaly." ---

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