According to Techub News, the Financial Sector Conduct Authority (FSCA), the regulator of the financial services industry in South Africa, has issued 63 licenses to crypto asset service providers (CASPs) since April this year. A total of 138 CASPs have obtained licenses. According to the FSCA report, 383 applications have been received from entities seeking to provide crypto-related services. Among them, 5 applications were rejected for not meeting the applicable "appropriate person" requirements stipulated in the local financial services law. In addition, 80 applications were voluntarily withdrawn by the applicants after contacting the Financial Services Regulatory Authority.