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South Africa

South Africa issues 63 new VASP licenses, launches probe into 30 unlicensed firms
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17 July, 2024

South Africa issues 63 new VASP licenses, launches probe into 30 unlicensed firms

The FSCA has now licensed 138 VASPs from an initial 383 applications, and the FATF has warned that 97% of...
South Africa’s digital payments roadmap includes CBDC, stablecoins
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28 April, 2024

South Africa’s digital payments roadmap includes CBDC, stablecoins

South Africa is marching toward Vision 2025 payments digitalization, with the central bank identifying stablecoins and a retail CBDC as...
South Africa issues digital currency licenses to Luno, VALR
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20 April, 2024

South Africa issues digital currency licenses to Luno, VALR

The Financial Sector Conduct Authority announced in 2023 that all VASPs had to obtain a license or shut down by...
South Africa approves 59 VASP licenses
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15 March, 2024

South Africa approves 59 VASP licenses

South Africa’s FSCA has received 355 applications but has only approved 262, a higher number than was previously revealed, according...
BRICS eye stifling US dollar influence with blockchain-based payment system
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9 March, 2024

BRICS eye stifling US dollar influence with blockchain-based payment system

Russia is reportedly banking on the planned blockchain-based payment system to reduce the U.S. dollar's global influence, seeking help from...
South Africa to explore stablecoins for digital payments
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28 February, 2024

South Africa to explore stablecoins for digital payments

In its new budget proposal, South Africa pledged to explore stablecoins, blockchain, and the tokenization of real-world assets over the...
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