Coin

<ul class="news-points"> 
 <li>South Africa is set to license 60 cryptocurrency platforms by the end of this month.&nbsp;</li> 
 <li>FCSA set the deadline for over 300 crypto asset providers seeking the green light to November 30.</li> 
 <li>Unathi Kamlana says rejected companies can apply for reconsideration under existing legislation.</li> 
</ul> 
According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-03-13/south-africa-poised-to-license-60-crypto-platforms-by-month-end" target="_blank" rel="nofollow">report</a>, South Africa will license about 60 cryptocurrency platforms by the end of the month. Furthermore, the report states that the Financial Sector Conduct Authority (FCSA) laid a strict deadline for exchanges to apply for licenses by the 30th of November. 
In an interview with Bloomberg, FCSA Commissioner Unathi Kamlana <a href="https://www.bloomberg.com/news/articles/2024-03-13/south-africa-poised-to-license-60-crypto-platforms-by-month-end" target="_blank" rel="nofollow">said</a>, “We are processing those licensing applications, and we are doing so in a phased manner given the numbers.” He clarified that if a company is rejected, it can apply for reconsideration under existing legislation.&nbsp; 
Kamlana <a href="https://www.bloomberg.com/news/articles/2024-03-13/south-africa-poised-to-license-60-crypto-platforms-by-month-end" target="_blank" rel="nofollow">said</a> that the FCSA, through licensing and supervising the act, might perhaps discover that there are gaps that cannot be closed by the existing regulatory framework. Developments will then be made to discover what the gaps are.&nbsp; 
This comes after the country announced in 2022 that it wants to treat crypto as …
The post <a href="https://coinedition.com/south-africa-will-grant-licenses-to-60-crypto-platforms-by-the-end-of-the-month/">South Africa Will Grant Licenses to 60 Crypto Platforms by the End of the Month</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

South Africa Will Grant Licenses to 60 Crypto Platforms by the End of the Month

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