Green light for crypto in SA? 50 applications shortlisted for first-ever licenses
- 50 license applications have been referred to the licensing committee for review.
- The decision on their status will be announced in a few weeks.
- The move is seen as a sign of embracing technology in the country.
The licensing of crypto asset service providers in South Africa is a positive development for the industry. It validates the operations of crypto companies and provides clarity for banks and financial institutions. The move is expected to drive adoption and growth in the crypto ecosystem.
