The cryptocurrency landscape in South Africa is undergoing a significant transformation as regulatory clarity takes center stage. In a landmark move, the Financial Sector Conduct Authority (FSCA) has released an official list of 75 crypto asset service providers (CASPs) authorized under the Financial Advisory and Intermediary Services (FAIS) Act, No. 37 of 2002. This comprehensive disclosure aims to eliminate misinformation, especially amid claims by certain firms of being the "first" or "only" licensed crypto entities in the country.
By publishing this definitive roster, the FSCA reinforces its commitment to transparency, investor protection, and market integrity in the rapidly evolving digital asset sector. The release serves as a critical resource for consumers, investors, and industry stakeholders seeking to engage only with legally compliant and regulated crypto companies in South Africa.
Regulatory Framework for Crypto in South Africa
The formal licensing process for CASPs began on June 1, 2023, marking a pivotal moment in South Africa’s approach to cryptocurrency regulation. Existing financial institutions offering crypto-related services were required to submit their applications by November 30, 2023. Since then, the FSCA has reviewed 374 license applications, reflecting the substantial interest and growth within the local crypto ecosystem.
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Crypto assets, as defined by the FSCA, are digital representations of value that can be electronically traded, transferred, or stored. These assets operate independently of central bank issuance and rely on cryptography and distributed ledger technology (DLT)—the foundational technology behind blockchain networks.
It's important to understand that the FSCA’s oversight is specifically focused on financial services involving crypto assets, including:
- Providing financial advice
- Acting as an intermediary
- Managing crypto-based investments
This regulatory scope ensures that only qualified and accountable firms operate within South Africa’s financial framework, protecting consumers from fraud and unscrupulous actors.
Why This List Matters
With increasing public interest in digital assets, misinformation about licensing status has become a growing concern. Some companies have misleadingly claimed exclusive regulatory approval. The FSCA’s publication of all 75 approved CASPs dispels such myths and empowers users to verify the legitimacy of service providers.
For investors, using a licensed provider means:
- Enhanced security and accountability
- Access to dispute resolution mechanisms
- Compliance with anti-money laundering (AML) and consumer protection laws
Moreover, the list enables businesses and partners to conduct due diligence before entering collaborations, fostering a more trustworthy and professional environment across the industry.
Full List of Licensed Crypto Asset Service Providers (CASPs) – April 2025
Below is the complete and updated list of licensed crypto companies in South Africa, as authorized by the FSCA under the FAIS Act:
- Altcoin Trader (Pty) Ltd – FSP #53614 – Categories: I & II – Activities: Advice, Intermediary Services, Investment Management
- Altitude Asset Management (Pty) Ltd – FSP #46902 – I & II – Advice, Intermediary Services, Investment Management
- ARC Capital (Pty) Ltd – FSP #50466 – I & II – Advice, Intermediary Services, Investment Management
- Azanvest (Pty) Ltd (trading as ASO Capital) – FSP #52288 – I – Advice, Intermediary Services
- Beta Capital (Pty) Ltd – FSP #46473 – I & II – Advice, Intermediary Services, Investment Management
- Bird Private Client Wealthcare (Pty) Ltd – FSP #41071 – I & II – Advice, Intermediary Services, Investment Management
- Blockchain Currency Hub (Pty) Ltd – FSP #53064 – I & II – Advice, Intermediary Services, Investment Management
- CAEP Asset Managers (Pty) Ltd – FSP #33933 – I, II & IIA – Advice, Intermediary Services, Investment Management
- Capta Forex (Pty) Ltd – FSP #48120 – I – Advice, Intermediary Services
- Capta Wealth (Pty) Ltd – FSP #43071 – I – Advice, Intermediary Services
(Entries 11–75 continue with full authorization details; all are officially licensed under FAIS with defined categories and permitted activities.)
Notable names include Luno (Pty) Ltd (FSP #53314) and VALR (Pty) Ltd (FSP #53308)—two of South Africa’s most recognized crypto exchanges—both operating under Category I authorization for advice and intermediary services.
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Understanding License Categories
The FSCA classifies CASPs into distinct license categories based on the nature and complexity of services offered:
- Category I: Permits firms to provide financial advice and intermediary services related to crypto assets.
- Category II: Allows for investment management activities, including managing client portfolios involving digital assets.
- Category IIA: Reserved for discretionary portfolio management with stricter capital and compliance requirements.
Firms like CAEP Asset Managers and Kudala Wealth hold multiple category approvals, indicating broader service capabilities and deeper regulatory compliance.
Ongoing Regulatory Oversight
The FSCA continues to monitor the crypto sector closely and has pledged to issue regular updates as new applications are processed. While 75 firms are currently licensed, hundreds more remain under review, signaling continued expansion in the space.
The authority encourages the public to consult its official website for the latest information and warns against engaging with unregistered providers. Only entities appearing on the published list are legally permitted to offer regulated crypto financial services in South Africa.
Frequently Asked Questions (FAQ)
✅ Are all crypto companies in South Africa now required to be licensed?
Yes. Since June 1, 2023, any firm offering financial advice, intermediation, or investment management involving crypto assets must be registered with the FSCA under the FAIS Act.
✅ How can I verify if a crypto company is licensed?
You can cross-check the company’s name and Financial Services Provider (FSP) number against the official list published by the FSCA on its website.
✅ Does a license mean the company is endorsed by the government?
No. A license indicates regulatory compliance but does not constitute government endorsement or guarantee against investment losses.
✅ What happens if a company operates without a license?
Unlicensed operation is illegal and may result in enforcement action, including fines or criminal prosecution. Consumers are advised to avoid such entities.
✅ Can foreign crypto platforms operate in South Africa?
Only if they comply with local regulations and obtain appropriate licensing. International platforms not registered with the FSCA cannot legally provide financial services to South African residents.
✅ Is my money safe with a licensed CASP?
While licensing enhances trust and accountability, it does not eliminate market risks. Always conduct independent research and consider diversification.
Final Thoughts
South Africa is setting a strong precedent in African financial innovation by bringing structure and oversight to its burgeoning crypto market. The publication of this official list of licensed crypto companies marks a turning point—ushering in an era of transparency, accountability, and informed participation.
As adoption grows, staying updated on regulatory developments will be key for both users and businesses. Always prioritize engagement with FSCA-authorized providers to safeguard your investments and contribute to a healthier digital economy.
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