South Africa Re-Elects Cyril Ramaphosa of the ANC as President
The election results are not expected to have a significant impact on South Africas burgeoning crypto industry. The countrys top regulator, the Financial Sector Conduct Authority, recently set up a licensing regime for crypto, making it one of the first African nations to do so. The country recently started licensing digital asset firms, and crypto companies Luno, Zignaly, and VALR were among the first to get a license in April. In 2022, the country included crypto providers in its Financial Advisory and Intermediary Services Act so it could regulate digital assets as financial products.
Source: CoinDesk
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