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South Africa authorizes 75 companies as cryptocurrency service providers

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2024-04-24 08:26:18
The South African Financial Sector Conduct Authority (FSCA) has confirmed that it has granted cryptocurrency licenses to 75 institutions to date. The FSCA reminds the public that the FSCA's licensing powers are limited to the authorisation and supervision of crypto asset service providers (CASPs), which are limited to the provision of financial services related to crypto assets as defined in the Financial Advisory and Intermediary Services (FAIS) Act.
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