South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator.
The Financial Sector Conduct Authority has received about 20 applications since opening for licenses a few weeks ago, with more expected before the deadline of Nov. 30, FSCA Commissioner Unathi Kamlana said in an interview. The regulator plans to take “enforcement action” that could see the firms being closed down or fined, if they continue to operate without a license past the deadline, Kamlana said.
Author: Christopher Thompson
Last Updated: 1699975681
Views: 817
Rating: 4.7 / 5 (51 voted)
Reviews: 89% of readers found this page helpful
Name: Christopher Thompson
Birthday: 1925-10-29
Address: 6012 Christina Junctions Suite 841, Port Williamview, WA 12630
Phone: +3787943583012480
Job: Paramedic
Hobby: Tennis, Crochet, Poker, Kite Flying, Cooking, Golf, Raspberry Pi
Introduction: My name is Christopher Thompson, I am a expert, ingenious, fearless, rare, daring, sincere, steadfast person who loves writing and wants to share my knowledge and understanding with you.