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⚡️🇿🇦 South Africa to mandate crypto exchange licenses by year-end: Report 🏛 Financial Sector Conduct Authority (FSCA)…
⚡️🇿🇦 South Africa to mandate crypto exchange licenses by year-end: Report
🏛 Financial Sector Conduct Authority (FSCA) Commissioner Unathi Kamlana stated that the FSCA has received approximately 20 license applications since its recent opening, and expects more before the November 30 deadline.
💭 Kamlana further mentioned that if crypto exchanges continue to operate without a license after the deadline, the regulator intends to take "enforcement action," which may involve fines or closure of the non-compliant firms, according to the report.
