South Africa has started licensing crypto firms and Luno was among the first companies to receive regulatory approval. 😎🎉

The country's regulators expect about 60 companies to be approved by April. Luno received a license from South Africa's financial regulator, becoming one of the first crypto assets regulated in the country. 🚀👏

The South African regulator started accepting license applications from crypto firms in June 2023. The FSCA promises hefty fines for companies that try to operate without the correct approvals. 😱💰

There are around 60 companies expected to be approved by the regulator in the short term. This is a positive step for both the cryptocurrency industry and South Africans. 🌍💪

What do you think this means for the future of cryptocurrencies? We are waiting your comments! 🗨️💬