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South Africa's Crypto Licensing Reveals Major Omissions: Binance and Yellow Card Absent

South Africa's Crypto Licensing Reveals Major Omissions: Binance and Yellow Card Absent

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#government
Discover why South Africa's crypto licensing omits major players like Binance and Yellow Card, signaling potential shifts in the African crypto market. Despite regulatory hurdles, industry leaders navigate challenges while aiming to resolve legal ambiguities. Stay updated on the evolving crypto landscape in South Africa and its implications for global exchanges. 🌍💰🔍

South Africa's Financial Sector Conduct Authority (FSCA) has licensed 75 crypto asset service providers (CASPs), but notable players like Binance and Yellow Card are conspicuously absent. The FSCA assures ongoing consideration for pending applications. Licensing aims to protect investors and curb illegal activities, not endorse cryptocurrencies as legal tender. The absence of Binance and Yellow Card raises questions amid their recent challenges in Nigeria's regulatory landscape.


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