Future

Secure

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<ul class="news-points">
 <li>South Africa’s crypto regulation remains robust despite political shifts, driven by independent regulatory bodies.</li>
 <li>The FSCA’s licensing regime positions South Africa as a leader in African crypto regulation.</li>
 <li>Collaboration between regulatory bodies underscores an apolitical approach to shaping crypto policies.</li>
</ul>
The <a href="https://coinedition.com/south-african-regulator-may-require-crypto-firms-to-have-a-local-office/" rel="noopener noreferrer nofollow">South African</a> crypto landscape is preparing for profound changes, as the upcoming election is not expected to affect the nation’s positive perception of digital assets. Despite political shifts on the horizon, the<a href="https://www.fsca.co.za/Pages/Default.aspx" target="_blank" rel="noopener noreferrer nofollow"> Financial Sector Conduct Authority</a> (FSCA) is forging ahead with its licensing regime for crypto firms, positioning South Africa as a leader in African crypto regulation.
According to the new licensing terms, the FSCA is supposed to hand out 60<a href="https://www.bloomberg.com/news/articles/2024-03-13/south-africa-poised-to-license-60-crypto-platforms-by-month-end" target="_blank" rel="noopener noreferrer nofollow"> licenses</a> to crypto firms soon, including Luno, Zignaly, and VALR. This regulation, <a href="https://www.gov.za/sites/default/files/gcis_document/202210/47334gen1350.pdf" target="_blank" rel="noopener noreferrer nofollow">initiated </a>in 2022, follows the global trends that seek to recognize the role of blockchain in modern finance.
Maurice Crespi, a partner at South Africa-based law firm Schindlers Attorneys, lauds this forward-thinking approach, emphasizing its alignment with global standards. He remarks that the regulation signifies t…
The post <a href="https://coinedition.com/south-africas-crypto-future-secure-despite-election-uncertainty/" rel="noopener noreferrer nofollow">South Africa’s Crypto Future Secure Despite Election Uncertainty</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

South Africa’s Crypto Future Secure Despite Election Uncertainty

Coin Edition

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