JOHANNESBURG (Reuters) – Cryptocurrency financial companies in South Africa will need to apply for a licence between June 1 and November 20, 2023, in order to operate legally, the country’s financial conduct regulator said on Thursday.
A declaration on Wednesday that crypto assets are financial products does not mean that they are legal tender, Eugene Du Toit, the head of the Financial Sector Conduct Authority’s Regulatory Frameworks Department, said at a press conference.
(Reporting by Rachel Savage; Editing by Gareth Jones)
