According to Odaily, the Financial Sector Conduct Authority (FSCA) in South Africa has granted 63 licenses to Crypto Asset Service Providers (CASP). This approval has increased the total number of licensed CASPs in South Africa to 138.
The FSCA reported that it has received 383 applications from entities seeking to provide crypto-related services. Out of these, five applications were rejected for not meeting the local financial services regulations' 'fit and proper' requirements. Additionally, 80 applications were voluntarily withdrawn by the applicants after contact with the financial services regulatory authority.