South African regulators are expected to approve 50 cryptocurrency license applications in the coming weeks
ChainCatcher news, the enforcement head of the Financial Sector Conduct Authority (FSCA) of South Africa stated that he expects the organization to decide on the approval of 50 cryptocurrency companies' license applicants in the coming weeks. The regulator mentioned that out of more than 100 entities applying for licenses, 20 have already withdrawn their respective applications.
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