South Africa’s crypto market shakes up as FSCA reviews dozens of license applications
The Financial Sector Conduct Authority (FSCA) of South Africa is making significant strides in regulating the burgeoning cryptocurrency market. As of November 30, 2023, the FSCA has received 128 applications from crypto asset service providers (CASPs), signaling a growing interest in the sector. The regulator’s approach is methodical and stringent, focusing on ensuring robust operational…