Financial Sector Conduct Authority (South Africa)

South Africa's FSCA has approved 310 of 533 crypto asset service provider licence applications

South Africa's Financial Sector Conduct Authority said on 15 April 2026 that, as at 31 March 2026, it had received 533 crypto asset service provider (CASP) licence applications under the FAIS Act since licensing began on 1 June 2023, of which 310 were approved, 17 declined and 124 voluntarily withdrawn. It has opened 81 investigations into potentially unlicensed CASPs and conducted 30 AML/CFT inspections of CASPs from April 2025 to March 2026, aiming for 35 in 2026/2027. The FSCA's March 2026 list of licensed CASPs includes First National Bank, a division of FirstRand Bank Limited.

Financial Sector Conduct Authority (South Africa)