[Revenue of South Africa's cryptocurrency market is expected to reach $246 million in 2024] Golden Finance reported that South Africa is the first African country to issue licenses for cryptocurrency exchanges. In 2021, the country explored a separate regulatory framework for cryptocurrencies and plans to implement it by 2022, with the goal of issuing final regulations that year. According to a report by Statista, revenue of the South African cryptocurrency market is expected to reach $246 million in 2024, with an annual growth rate (2024-2028 compound annual growth rate) of 7.86%, reaching $332.9 million by 2028.