South Africa Leads Africa’s Crypto Regulation Wave

[chainsniff]

Since 2022, South Africa has classified crypto as a financial product, placing it under the Financial Advisory and Intermediary Services Act.
This framework requires licensing, compliance, and consumer protections — making South Africa a regulatory leader on the continent.
The FSCA has already issued dozens of licenses, and partnerships like Ripple’s custody deal with Absa Bank show rising institutional adoption.
The country’s crypto sector is projected to grow nearly 8% by 2028, according to Statista.

[JanEmil]

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