South Africa weighs licenses for 36 VASPs
Of the 128 applications it has received, only 36 had met all the conditions and their licensing would be considered in a meeting on December 12, according to the Financial Services Conduct Authority.
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South Africa demands licensing for digital asset exchanges by December
The FSCA says 20 exchanges have submitted applications, including Digital Currency Group-owned Luno, with the new licensing requirement meant to protect investors.
South African regulator to declare digital currencies as financial products after $3.8B scam
The Financial Services Conduct Authority is seeking to categorize digital currencies as a financial product, giving it jurisdiction over the industry and allow it to protect investors.