South Africa is poised to become one of the first African countries to mandate operating licenses for cryptocurrency exchanges. By the end of this month, approximately 60 crypto platforms are expected to be licensed, as reported by Bloomberg. This move comes in response to the South African regulator receiving over 300 applications from crypto asset providers seeking to operate within the country. The licensing requirement marks a significant step towards regulating the digital asset space in South Africa.
South African Regulator Reports Receiving More Than 300 Crypto License Applications https://t.co/6vRKgkrNQO
South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March #crypto #cryptocurrency #cryptoregulation https://t.co/6vRKgkrNQO
🚨 South Africa to license ~60 crypto exchanges by the end of the month
JUST IN: 🇿🇦 South Africa will license ~60 #Bitcoin and crypto platforms by the end of the month, Bloomberg reports.
South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges https://t.co/ZW33LAxuni
South Africa will issue licenses to about 60 cryptocurrency platforms by the end of this month, making it one of the first countries in Africa to require digital asset exchanges to obtain operating licenses, according to Bloomberg. More than 300 crypto asset providers are seeking…