Reading Time: < 1 minute

Crypto News

Due to changes in the law firms who trade or help trade in Crypto have had to apply for licenses with the FSCA.

Exchanges and platforms like Zignaly and Luno were among the first to get licenses as they strive to keep things above board and keep their clients feeling confident and happy.

Apparently, the organisations are getting Category 2 (Discretionary Financial Service Provider) licenses.

It is hoped these licenses will help regulate this portion of the industry and better protect consumers using these services.

Over 60 (and the number keep climbing) institutions have already received their licenses.