Categories: Business

South Africa’s ANC Party Secures Victory in SA Election, Cyril Ramophosa Re-Elected



The election results are not expected to have a significant impact on South Africa’s burgeoning crypto industry. The country’s top regulator, the Financial Sector Conduct Authority, recently set up a licensing regime for crypto, making it one of the first African nations to do so. The country recently started licensing digital asset firms, and crypto companies Luno, Zignaly, and VALR were among the first to get a license in April. In 2022, the country included crypto providers in its Financial Advisory and Intermediary Services Act so it could regulate digital assets as financial products.



Source link

CryptoCanada

Share
Published by
CryptoCanada

Recent Posts

What is a DeFi Wallet and How It Works

DeFi Wallets Unmasked: Your Key to Financial Sovereignty in the Crypto Wild West DeFi wallets…

13 hours ago

Head And Shoulders Pattern Says Bitcoin Price Is Headed Down Toward $95,000

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Head…

13 hours ago

Australia Cracks Down Amid Scam Surge

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Australia’s financial…

13 hours ago

Morgan Stanley Says Stock Market Has Priced in Tariff Best-Case Scenario, Warns Stagflation Issue Looming for Magnificent 7 Firms

Chris Toomey, a managing director at Morgan Stanley, thinks the market hasn’t priced in the…

13 hours ago

What Is a Stablecoin? Meaning, Definition, Types & More

Curious about stablecoins and how they fit into the crypto world? This guide breaks down…

2 days ago

$3600 next target for gold?

Last week, Donald Trump’s delay on European tariffs marked the return of the bullish rally…

2 days ago