Cryoto Currency

South African crypto landscape primed to grow after FSCA ruling By Cointelegraph


After FSCA ruling, South African crypto ecosystem is ready for TradFi growth

After regulatory changes in South African, South African financial service providers were ready to offer cryptocurrency services and products to customers.

This comes after South Africa’s Financial Sector Conduct Authority (FSCA) amended its financial advisory act from 2002 on Oct. 19 to define crypto assets in the country as financial products. The most important thing is that cryptocurrencies can now also be offered by international financial service providers if they are licensed in South Africa.