VALR crypto exchange approved as CASP in South Africa! 🚀🔒

Exciting Development for Crypto Traders in South Africa 🚀

Crypto exchange VALR based in Johannesburg, South Africa, has recently achieved a significant milestone. The Financial Sector Conduct Authority (FSCA) of South Africa has awarded VALR both a Category I and Category II license as a Crypto Asset Service Provider (CASP), placing it among the first in the country to obtain regulatory approval in both categories.

Regulatory Approval for VALR 📜

VALR recognized as a Crypto Asset Service Provider

Category I and Category II license awarded by the FSCA
Compliance with South African regulations

The FSCA introduced CASP license applications in June 2023, providing a six-month window for crypto asset providers to apply and adhere to regulatory standards. This proactive move by the South African authority includes exchanges, wallet providers, custodians, and other service providers operating in the crypto space.

CEO of VALR Commends Regulators 👏

Farzam Ehsani, the Co-Founder and CEO of VALR, praises the regulators for their essential role in the licensing process.

“Securing the CASP license from the FSCA is a significant milestone for VALR. We have collaborated closely with South African regulators for several years, and this regulatory framework allows innovation to thrive while protecting the interests of the public.”

Ehsani emphasizes the company’s commitment to compliance, security, and providing a reliable platform for the crypto community. This regulatory achievement is a positive step for South Africa and demonstrates the regulators’ dedication to fostering a secure environment for digital asset trading.