Golden Finance reported that 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). These approved licenses bring the total number of CASPs approved to provide services in South Africa to 138. In a statement released on July 2, the FSCA reported that it had received 383 applications from entities seeking to provide crypto-related services. Of these, five applications were rejected for not meeting the applicable "appropriate person" requirements under the local financial services law. In addition, 80 applications were voluntarily withdrawn by the applicants after contacting the Financial Services Regulatory Authority.