South Africa has issued 63 licenses to crypto asset service providers
2024-07-04 11:31:31
South Africa finance services industry regulatory agency finance sector bank authoritydesk3cryptocurrencydesktopCrypto News
The Financial Sector Conduct Authority (FSCA), the financial services industry regulator in South Africa, has issued 63 licenses to Crypto Asset Service Providers (CASPs). These approved licenses bring the total number of CASPs approved to provide services in South Africa to 138. In a statement released on July 2, the FSCA reported that it had received 383 applications from entities seeking to provide crypto-related services. Of these, five applications were rejected for not complying with the applicable "fit and proper person" requirement under the local Financial Services Act. In addition, 80 applications were voluntarily withdrawn by the applicants following contact with the Financial Services Authority.
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