Odaily News The South African regulator, the Financial Sector Conduct Authority (FSCA), stated that as of November 30, 2023 (application deadline), it had received 128 applications for a crypto asset service provider license. The FSCA plans to review representations from the 36 licensees at its Licensing Executive Committee meeting on 12 December. Another 22 applications will be submitted on February 13. The last 14 applications must wait until March 12. The Authority did not specify the fate of all remaining applications, explaining its assessment methodology as a comprehensive assessment of know-your-customer onboarding, data protection, cyber risk management, conflict of interest management, complaints handling and credit counterparty risk management. As previously reported, South Africa will require cryptocurrency exchanges to obtain licenses before the end of the year, which means that the FSCA may issue licenses to some cryptocurrency companies this month. (Cointelegraph)