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

Current Altcoin Bear Cycle is the Longest Ever – What’s Next?

While Bitcoin has reached new all-time highs, altcoins haven’t even started their bullish cycle. In…

18 hours ago

Market Expert Says Ripple Vs. SEC Lawsuit Is In Final Chapter, Here’s Why

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

18 hours ago

Morpho and Gelato launch simple loans using crypto as collateral

Users across several blockchains can now take non-custodial, crypto-backed loans in just days, the two…

18 hours ago

Why Utility Will Decide Bitcoin’s Next Bull Run

Bitcoin’s price has been anything but steady over the years. Hype, speculation, and investor sentiment…

19 hours ago

XRP Price Completes Bearish Retest As Macro Signals Point To $2.65

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

3 days ago

Bitcoin Taker Sell Volume Surges On Price Breakdown – Market Shows Signs Of Oversold Bounce

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

3 days ago