South African regulator has granted 248 cryptocurrency licenses, rejected 9 applications
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.
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.
You may also like
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Bitget Spot Margin Announcement on Suspension of MAVIA/USDT, BADGER/USDT, BAN/USDT, PONKE/USDT, FLOCK/USDT Margin Trading Services
Trending news
MoreCrypto prices
More
