The Financial Sector Conduct Authority (FSCA) recently set up a licensing regime for crypto, making it one of the first African nations to do so, and is set to hand out 60 licenses to crypto firms soon.
Maurice Crespi from Schindlers Attorneys highlighted the forward-thinking approach of South Africa in regulating crypto, aligning with global trends and recognizing the importance of blockchain technology.
CEO of Nuud Money, Mpumelelo Ndamane, expressed confidence that political changes, even with an upcoming election, won't disrupt South Africa's crypto policies, emphasizing the stability of key financial entities.
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