VALR Obtains South African Regulatory License, Strengthening the Regulatory Environment for Cryptocurrency Exchanges

Cryptocurrency exchange VALR has announced that it has obtained regulatory approval from the Financial Sector Conduct Authority (FSCA) in South Africa, obtaining Class I and Class II licenses as a Cryptocurrency Asset Service Provider (CASP). LUNO and ZIGNALY also announced last week that they have obtained FSCA licenses. VALR, supported by PANTERA, completed a Series B funding round in March 2022, raising $50 million and achieving a valuation of $240 million. (COINDESK)