South Africa Is Poised to License 60 Crypto Firms by Month End: Bloomberg
Summary
South Africa's financial regulator, the Financial Sector Conduct Authority (FSCA), plans to grant licenses to 60 cryptocurrency firms. The FSCA received 300 applications since it introduced a new framework last year. From June 1, crypto companies wishing to operate in South Africa were required to apply for a license with the FSCA. In 2022, South Africa announced its intention to treat cryptocurrency as a financial product.
