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South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers

South African Regulator Licenses 75 Institutions as Crypto Asset Service ProvidersSouth Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading media reports. FSCA Continues to Receive License Applications The Financial Sector Conduct […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March

South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of MarchA South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South African regulators plan to oversee the activities of cryptocurrency entities through the Financial […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

South Africa Regulators to Unveil Document Categorizing Stablecoins as a ‘Particular Type of Crypto Asset’

South Africa Regulators to Unveil Document Categorizing Stablecoins as a ‘Particular Type of Crypto Asset’In 2024, the Intergovernmental Fintech Working Group, a consortium of South African regulators that unveiled a position paper on crypto assets in 2021, is expected to “publish additions to include stablecoins as a particular type of crypto asset.” The consortium is also considering the impact of tokenisation on domestic financial markets and is expected to […]

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’