{"id":33646,"date":"2024-07-05T07:49:57","date_gmt":"2024-07-05T07:49:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/south-africa-grants-additional-licenses-to-crypto-asset-providers\/"},"modified":"2024-07-05T07:49:57","modified_gmt":"2024-07-05T07:49:57","slug":"south-africa-grants-additional-licenses-to-crypto-asset-providers","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/south-africa-grants-additional-licenses-to-crypto-asset-providers\/","title":{"rendered":"South Africa Grants Additional Licenses to Crypto Asset Providers"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In keeping with its strategy realignment, Kambi sees 2024<\/a> as a year of transformation. Revenue for the entire year is expected to range from \u20ac170 million to \u20ac180 million, somewhat less than the \u20ac173.3 million recorded for FY23. In spite of this, Kambi is still upbeat about revenue growth at the end of the year from new partner signings and organic growth from current partners.<\/p>\n

95% of Kambi\u2019s sportsbook income in the first quarter of 2023 came from areas that were subject to local regulations, underscoring the significance of conducting business in compliant settings. Kambi\u2019s dedication to growing in regulated markets is essential to maintaining profitability and long-term growth.<\/p>\n

Entities whose applications were rejected can reapply if they meet the criteria. However, they cannot engage in any CASP-related activities defined under the Financial Advisory and Intermediary Services (FAIS) Act until they receive approval. The FSCA continues to review the remaining applications.<\/p>\n

Regulatory Compliance and Misconceptions<\/h2>\n

The FSCA stressed that organizations or people operating outside of the law that engage in CASP-related activity will be subject to regulatory action. They are not permitted to engage in any CASP-related activities as those terms are defined by the FAIS Act in the interim, according to the regulator. The FSCA will take regulatory action against any organization or individual found to be engaging in such activities without permission.<\/p>\n

The approvals do not imply that South Africa accepts cryptocurrency or digital assets as official money, even in spite of these regulatory developments. Additionally, cryptocurrency holdings are not recognized as money by the nation\u2019s central bank. Any statements made in the media to the contrary are untrue.<\/p>\n

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250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n

New players only. 250% on 1st Deposit + $125 Free Chip<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) In keeping with its strategy realignment, Kambi sees 2024 as a year of transformation. Revenue for the entire year is expected to range from \u20ac170 million to \u20ac180 million, somewhat less than the \u20ac173.3 million recorded for FY23. In spite of this, Kambi is still upbeat […]<\/p>\n","protected":false},"author":35,"featured_media":33647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33646"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33646"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33647"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}