According to Foresight News, the South African Financial Sector Conduct Authority (FSCA) has confirmed that it has granted cryptocurrency licenses to 75 institutions so far. The FSCA has reminded the public that its licensing authority is limited to the authorization and supervision of Cryptocurrency Asset Service Providers (CASP). CASPs are limited to providing financial services related to cryptocurrency assets as defined by the Financial Advisory and Intermediary Services (FAIS) Act.
