South Africa's FSCA Confirms 30 Inspections of Licensed Crypto Firms This Year
- —FSCA carried out 30 inspections of licensed crypto firms in the past year
- —Inspections focus on adherence to established regulatory standards
- —Tighter oversight may raise compliance costs for licensed entities
Why it matters: South Africa's stricter oversight could set a precedent for other jurisdictions and increase compliance costs for crypto firms.
Source: Coinfomania