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South African regulator has granted 248 cryptocurrency licenses, rejected 9 applications

South African regulator has granted 248 cryptocurrency licenses, rejected 9 applications

CointimeCointime2024/12/15 01:44
By:Cointime

According to a report from News.bitcoin, the Financial Sector Conduct Authority (FSCA), a financial regulatory agency in South Africa, has issued a total of 248 cryptocurrency asset service provider (CASP) licenses from the 420 applications received. Local reports suggest that 56 applications are still under review, while 9 have been rejected and 106 entities withdrew their applications after FSCA expressed concerns about their business models.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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