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Article by Steve Kaaru

South Africa issued 248 VASP licenses as adoption soared in 2024
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8 January, 2025

South Africa issued 248 VASP licenses as adoption soared in 2024

The FSCA revealed that it received 420 applications, approved 248, declined nine, and is still considering dozens more as local...
Monetary Authority of Singapore pledges digital assets regulation
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8 January, 2025

Monetary Authority of Singapore pledges digital assets regulation

Singapore has become one of Asia’s prime digital asset hubs, beating perennial rival Hong Kong, with regulatory clarity from the...
Indonesia handover digital currency oversight to financial watchdog
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8 January, 2025

Indonesia handover digital currency oversight to financial watchdog

A new law adopted by Indonesia’s parliament mandates the Trade Ministry to hand over digital currency oversight to the Financial...
Nigeria: SEC says some VASP applicants don’t meet requirements
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7 January, 2025

Nigeria: SEC says some VASP applicants don’t meet requirements

Nigeria SEC chair says the agency will disqualify some VASP applicants as they have not met its standards, even as...
China targets digital asset transactions with stricter forex laws
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7 January, 2025

China targets digital asset transactions with stricter forex laws

China’s forex regulator has demanded that banks flag any risky trade, including those related to ‘crypto’ as it intensifies its...
Cyprus orders VASPs to prove compliance by January 10
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6 January, 2025

Cyprus orders VASPs to prove compliance by January 10

CySEC has granted a grace period for MiCA compliance until July 2026 but wants VASPs to prove they were operational...

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