South Africa Leads Crypto Regulation with New CASP Licenses
- The CASP licensing process began in June 2023, with applications due by November 30, 2023.
- As of December 2025, 512 applications were submitted, with 300 approved and 81 investigations into unlicensed activities launched.
- VALR became one of the first platforms to secure both Category I and II licenses from the FSCA in April 2024.
The introduction of CASP licenses in South Africa is a commendable step towards establishing a robust regulatory framework for cryptocurrency. It not only enhances the credibility of the crypto industry but also fosters innovation while ensuring consumer protection. This balanced approach could serve as a model for other nations looking to navigate the complexities of cryptocurrency regulation.
