The Financial Sector Conduct Authority of South Africa (FSCA) has announced that there are over 300 cryptocurrency companies seeking approval from the government. It is worth noting that #FSCA has decided to use the existing legal framework instead of developing a separate regulatory framework for cryptocurrency activities.
Instead, they will monitor and supervise these companies in the light of the Financial Advisory and Intermediary Services Act and current Act #FAIS . This shows the FSCA's transformation and update in regulating the cryptocurrency industry, while maintaining transparency and compliance with the law.
👍 Follow @TinTucBitcoin 🔥 Like 🔥 Comment 🔥 Share 🔥 Thank you so much 💯💯
