The Financial Sector Conduct Authority (FSCA) of South Africa recently announced the latest issuance of licenses for Crypto Asset Service Providers (CASP). Of the 420 applications received, the FSCA has approved 248 licenses, indicating strong demand for crypto services in the region. Meanwhile, 56 applications are still under review, and 9 applications have been rejected. Additionally, 106 entities chose to withdraw their applications after the FSCA expressed concerns about their business models. This dynamic reflects South Africa's proactive stance on crypto asset regulation while also indicating that market participants must cautiously navigate regulatory challenges. 📈🔍