South Africa's Licensing of 60 Crypto Firms Set for Completion by End of the Month
Wednesday, 13 March 2024, 15:27
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South Africa is on track to license 60 cryptocurrency firms by the end of the month, following a regulatory requirement by the Financial Sector Conduct Authority. The initiative aims to bring clarity and regulation to the crypto sector in the country, ensuring compliance and legitimacy. The deadline for firms to apply for the license was June 1, prompting a surge in applications from companies looking to operate within the legal framework. This move signals South Africa's proactive approach to overseeing the burgeoning cryptocurrency industry, with potential implications for market participants.South Africa's Licensing of 60 Crypto Firms Set for Completion by End of the Month
South Africa to License 60 Crypto Firms by Month End
Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1.
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