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, according to CoinDesk, the French market regulator (AMF) has stated that it began accepting applications for the Crypto Asset Service Provider (CASP) license on July 1. This makes it the first major economy in the EU to open applications, as most provisions of the EU crypto asset market (MiCA) rules will come into effect by the end of this year. Crypto companies need to obtain a license under this regime by July 2026 to continue providing services in the EU. The AMF has historically welcomed cryptocurrency companies, with 74 companies already registered under its regime as of May last year.