2020-3-13 06:38 |
South Africa’s Presidency believes blockchain could improve mining systems and reduce unemployment in the country
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Pantera-backed crypto exchange VALR will now offer services in Poland as part of its global expansion efforts. South African cryptocurrency exchange VALR is moving beyond the African continent, choosing Poland as its first stop in expansion across the globe. In…
According to industry insiders, the upcoming South African elections on May 29 will not affect the nation’s cryptocurrency agenda. According to Mpumelelo Ndamane, CEO of South Africa-based crypto wallet provider Nuud Money, the elections will steer clear of cryptocurrencies. “We’ve been pretty…
According to a recent Reuters report, South Africa’s Financial Sector Conduct Authority (FSCA) has approved 59 operating licenses for crypto businesses. This significant development comes as Africa’s most industrialized economy takes progressive steps towards regulating the asset class.
South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges.
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.
South Africa (SA) is projected as one of the most crypto-friendly African countries. However, a recent development suggests that the crypto industry in the country may be enduring a torrid time as US crypto firms move to block users in the country.
The Financial Sector Conduct Authority (FSCA) of South Africa has made an announcement, stating that all cryptocurrency exchanges operating within the country must obtain licenses by the end of the year.