Crypto asset providers in South Africa have a six-month window to obtain a license in compliance with local regulations. The Financial Sector Conduct Authority (FSCA) has introduced a regulatory framework for crypto asset service providers (CASPs), encompassing exchanges, wallet providers, custodians, and other financial service providers involved in cryptocurrency assets. This move by the regulatory body aims to protect consumers and investors, foster trust, and promote the sustainable growth of the cryptocurrency industry in the country.
VALR, a Cryptocurrency Exchange, Obtains Crypto Asset Service Provider (CASP) License in South Africa
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