South Africa’s ANC Party Secures Victory in SA Election, Cyril Ramophosa Re-Elected

South Africa’s ANC Party Secures Victory in SA Election, Cyril Ramophosa Re-Elected

The election results are not expected to have a significant impact on South Africa’s burgeoning crypto industry. The country’s top regulator, the Financial Sector Conduct Authority, recently set up a licensing regime for crypto, making it one of the first African nations to do so. The country recently started licensing digital asset firms, and crypto companies Luno, Zignaly, and VALR were among the first to get a license in April. In 2022, the country included crypto providers in its Financial Advisory and Intermediary Services Act so it could regulate digital assets as financial products.



Source link

Leave a Reply

Your email address will not be published.


Please enter CoinGecko Free Api Key to get this plugin works.