Breaking: South Africa grants crypto licences to Luno, VALR and 73 other companies
- South Africa's financial conduct regulator approved 75 operating licenses for crypto businesses.
- Luno and VALR are the most recognizable names on the list.
- Binance did not make the list.
The approval of 75 operating licenses for crypto businesses in South Africa is a positive development for the country's crypto industry. The inclusion of well-known exchanges like Luno and VALR demonstrates the growing recognition of these platforms. However, the absence of Binance from the list may raise questions about its compliance with regulatory requirements. Ongoing supervision of licensed entities will help ensure the integrity of the crypto market in South Africa.
