Yellow Card secures crypto licence in South Africa
- Yellow Card raised $33 million in October 2023.
- Yellow Card secured a CASP license in South Africa.
- Over 138 companies are now licensed in South Africa's crypto ecosystem.
The regulatory advancements in South Africa regarding cryptocurrency are promising for companies like Yellow Card, as they not only enhance operational legitimacy but also open new avenues for growth in the African market. However, the lack of recognition of crypto assets as legal tender by the South African Reserve Bank may pose challenges for broader adoption.
