South Africa's Crypto Exchange, VALR, Granted Regulatory Approval

Quick Summary:

VALR, a South African crypto exchange, has been awarded Category I as well as Category II licenses by the Financial Sector Conduct Authority (FSCA).

A thorough Category II license grants the company to exercise discretion in the customer portfolios, thus to provide custom investment solutions and managing the assets on the behalf of clients.

This step is aimed at eliminating additional misleading information for consumers and supporting ethical marketing standards in the booming crypto industry.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaMaliSouth Africa

Topics: Regulation News 24/7 Cryptocurrency News Crypto license Crypto Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 00:51:19 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20693736

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 58 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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