As the number of licensed crypto asset service providers climbs to 75, this trend is a sign that crypto will become more mainstream in South Africa.
Crypto companies that wanted to continue operating in the country were obligated to apply for a licence with the FSCA from 1 June until 30 November 2023. “Luno engaged with people on the ground to get a snapshot of crypto-currency in Africa. Bitcoin’s market cap recently overtook that of silver, which many see as a sign of its graduation into mainstream investing.”
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