TL;DR, With an ODP license, VALR now serves 1.6M users and 1,800 institutions, offering regulated crypto derivatives with up to 20x leverage in South Africa. FSCA approval expands VALR into futures, options, swaps, and OTC execution under strong consumer protection, AML/CFT, and reporting rules. This new license allows VALR to legally offer complex…
South Africa rejects exchange control exemption for SARB-led crypto framework after Judge Motha rules “cryptocurrency is not money.” Financial Regulators Steering Committee establishes CASP cross-border reporting closing 1961 Exchange Control loopholes. FICA subjects Luno, VALR, Binance to AML/CFT/CPF as Luno flags onshore/offshore gap hindering institutional adoption. Framework resolves “money” vs “capital” dichotomy within year
VALR, Africa’s largest crypto exchange, partners with MoonPay for seamless fiat on-ramps across 34 currencies including KES, NGN, and BRL. Supporting Apple Pay, Google Pay, and cards, the integration serves 1.3M+ users. With stablecoins driving 43% of Africa’s crypto volume, this accelerates financial inclusion across South Africa, Kenya, Nigeria, and Ghana, holding value on-chain with instant conversion tools.
TL:DR, Africa’s digital asset adoption grows 7.86% annually, led by South Africa’s licensed exchanges and progressive regulatory frameworks. African nations pioneer blockchain innovation through strategic policy development, creating new economic opportunities across the continent. Licensed cryptocurrency platforms in South Africa and neighboring countries attract international investment while building consumer trust. Africa has been in the spotlight of…
TL;DR, VALR Exchange secures dual crypto license from South Africa’s FSCA, obtaining both Category I and II approvals. With new FSCA approvals, VALR joins South Africa’s first wave of regulated exchanges, boosting trust and credibility for 5.8 million crypto users. VALR’s regulatory milestone allows advanced crypto services including discretionary strategies and product wrappers, though compliance…
You must be logged in to post a comment.