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South Africa

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...
South Africa edging closer to issuing VASP licenses: FSCA official
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13 February, 2024

South Africa edging closer to issuing VASP licenses: FSCA official

FSCA announced in 2023 that all VASPs in the country would be required to apply for a license as part...
South Africa shortlists 50 applicants for VASP licensing
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31 January, 2024

South Africa shortlists 50 applicants for VASP licensing

While over 100 companies applied for the license, the FSCA only forwarded 50 companies to the licensing committee, with some...
Africa’s 2023 in review: Adoption soars, regulators catch up, and Bitcoin moves beyond speculation
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26 December, 2023

Africa’s 2023 in review: Adoption soars, regulators catch up, and Bitcoin moves beyond speculation

Digital assets came of age in 2023, moving beyond speculation and impacting remittances and payments as regulators started getting a...
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