According to Bloomberg News, Unathi Kamlana, commissioner of the South African Financial Industry Conduct Regulatory Agency (FSCA), said in an interview that since the opening of applications for cryptocurrency exchange licenses on June 1, the Financial Sector Conduct Regulatory Authority has received about 20 applications. Additional applications are being received before the November 30 deadline. Foresight News previously reported that the South African Financial Industry Conduct Authority (FSCA) stated in October last year that cryptocurrency financial companies in South Africa need to apply for a license between June 1 and November 30, 2023 in order to operate legally.