South African regulators have granted 248 cryptocurrency licenses and rejected 9 applications

ChainCatcher news, according to News.bitcoin, the South African financial regulator------Financial Sector Conduct Authority (FSCA) has issued a total of 248 crypto asset service provider (CASP) licenses from 420 applications received. According to local reports, 56 applications are still under review, while 9 applications have been rejected, and 106 entities withdrew their applications after the FSCA expressed concerns about their business models.