South Africa Begins Issuing Crypto Licenses to Companies Like Luno and Zignaly, With 60 Firms Slated for Approval

South Africa has started issuing crypto licenses, with Luno and Zignaly among the first companies approved
Around 60 firms are set to receive regulatory approval by April
Luno received approval as a financial service provider under the country's Financial Advisory Act
Zignaly received a Category 2 license allowing it to conduct discretionary fund management and act as a custodian
The licenses will require crypto companies to comply with regulations and prioritize customer safety and security