ChainCatcher news, according to Finance Feeds, Yellow Card has obtained a Crypto Asset Service Provider (CASP) license issued by the Financial Sector Conduct Authority (FSCA) of South Africa.It is reported that Yellow Card Financial South Africa was established in 2020 and has facilitated over $3 billion in transactions to date. The company plans to leverage its recently completed $33 million Series C funding to enhance its stablecoin channels, infrastructure, as well as B2B APIs and widgets. Yellow Card has also partnered with Fireblocks to improve cross-border transaction capabilities, providing secure and efficient on-chain solutions for the African market.

ChainCatcher news, the South African Financial Sector Conduct Authority (FSCA) announced that although the Western Cape High Court has lifted the asset preservation order against the South African exchange Banxso (Pty) Ltd, Banxso's Financial Services Provider (FSP) license remains revoked.In addition, the company is prohibited from conducting financial services business, and its funds can only be used to migrate clients to other FSCA-authorized financial service providers. The related case of Banxso is scheduled for a retrial on December 4, 2024, and the FSCA is investigating the activities of Banxso and its management.

ChainCatcher news, according to TechCrunch, the African cryptocurrency exchange platform Yellow Card has completed a $33 million Series C funding round, led by Blockchain Capital, with participation from Coinbase, Kraken, OpenSea, and Worldcoin. This round of financing will be used to expand its B2B business. Yellow Card's total funding amount has reached at least $88 million.According to the Web3 asset data platform RootData, Yellow Card completed a $15 million Series A funding round in September 2021, led by Valar Ventures, Third Prime, and Castle Island Ventures, and also completed a $40 million Series B funding round in September 2022, led by Polychain Capital.