**South Africa: A Rising Star in Crypto and AI**

South Africa is quickly becoming a hotspot for digital assets and AI technology. The Financial Sector Conduct Authority (FSCA) recently granted new licenses to crypto exchange VALR, marking a significant regulatory milestone. VALR, backed by heavyweights like Pantera Capital and Coinbase Ventures, has seen compliance costs soar but remains optimistic about the future.

Revenue in South Africa's crypto market is projected to hit $246 million in 2024, growing annually by 7.86% to reach $332.9 million by 2028. The country is also advancing in AI, with a new policy framework set to establish it as a leader in the field.

Stay tuned as South Africa continues to innovate and lead in the digital economy!