South Africa issued 248 VASP licenses as adoption soared in 2024

Quick Summary:

The FSCA revealed that it received 420 applications, approved 248, declined nine, and is still considering dozens more as local VASPs saw a surge in users.

The post South Africa issued 248 VASP licenses as adoption soared in 2024 appeared first on CoinGeek.

In its latest update, the FSCA revealed that the declined applications fell short on two main criteria: operation ability and competency.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaSouth Africa

Topics: Business Regulations Financial Sector Conduct Authority

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 10:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 24973181

View Article Analysis

About CoinGeek

Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 3 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 8 hours ago

Coverage Areas: Canada

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: #82

Publisher Details

Frequently Asked Questions