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Crypto exchanges in South Africa would need to get licenses prior to the year’s end.
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Singapore and South Korea also took measures towards crypto regulations recently.
Growing concerns around cryptocurrency operations and providing safeguards to crypto investors make regulators think crypto regulates the burgeoning asset class industry. The trend has been picking up pace across developed and developing countries. South Africa is reported to push regulations as it is making it mandatory for crypto exchanges to receive a license.
Bloomberg reported the Financial Sector Conduct Authority (FSCA) stated that the crypto exchanges operating in the region would need …
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