South African cryptocurrency exchange VALR has obtained regulatory approval from the country's financial regulatory authority, becoming one of the first cryptocurrency companies to receive approval from the Financial Sector Conduct Authority (FSCA) in South Africa. Prior to this, VALR completed a Series B financing round in March 2022, raising $50 million, led by PANTERA CAPITAL, with a valuation of $240 million. Recently, other cryptocurrency platforms such as LUNO and ZIGNALY have also announced that they have obtained FSCA licenses.