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 the end of the year.
Latest VALR News
Crypto linked bank accounts shut down in South Africa: report
The move affects the largest crypto exchanges in South Africa, with the banks citing regulatory ambiguity.
Crypto in Africa: Launch of rand to BTC trading and fraud alerts hits SA
South Africa is getting a new crypto trading pair, and an investment fraud scheme is sneaking up on unsuspecting victims.
VALR holds a $1.5 million funding series led by Bittrex
With the funding in place, VALR CEO Farzam Ehsani revealed that his team would work on activating fiat in-ramps with local banks by the start of summer.
Crypto in Africa: New South Africa trading platform, Veritaseum pushes on
The African crypto space is still strong, with Bittrex and VALR partnering on a new exchange, and Veritaseum expanding their offers.