DeFi News Daily Official TheBitTimes.com

VALR, the Pantera-backed crypto exchange based in Johannesburg, South Africa announced on April 15 that it has been awarded both a Category I and Category II license by the Financial Sector Conduct Authority (FSCA) of South Africa as a Crypto Asset Service Provider (CASP).  This achievement positions VALR among the initial cryptocurrency asset platforms to secure regulatory approval in both categories in South Africa. The FSCA initiated CASP license applications in June 2023, granting crypto asset providers a six-month window to seek licensure and comply with South African regulations. The regulatory framework established by the South African authority encompasses crypto asset exchanges, wallet providers, custodians, and other financial service providers dealing with crypto assets.  Picks for you 2 silver-backed cryptocurrencies to invest in as demand skyrockets 25 mins ago Cardano smart contracts soar with over 1,000 added in April 49 mins ago Geopolit...

The Australian financial regulator has canceled the financial license of FTX Australia, a local subsidiary of the failed crypto exchange. The Australian Securities and Investments Commission (ASIC) announced the cancellation on July 19. It went into effect on July 14. The exchange will be allowed to offer limited financial services until July 12, 2023, while wrapping up its dealings with clients. ASIC has cancelled the Australian financial services licence held by FTX Australia https://t.co/Gsmsg9XcYj — ASIC Media (@asicmedia) July 19, 2023 During this period, FTX Australia must also make arrangements for compensating its clients, as the regulatory authority specifies. Before the cancellation, FTX Australia served around 30,000 retail clients and provided services to 132 local companies. The troubles for FTX Australia began in mid-November last year when ASIC suspended its Australian Financial Services (AFS) license, which permitted the creation of derivatives and for...