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South Africa exchange Yellow Card has obtained a CASP license issued by the South African Financial Sector Conduct Authority
According to the TechFlow news, on November 21st, Yellow Card obtained a Cryptocurrency Asset Service Provider (CASP) license issued by the Financial Sector Conduct Authority (FSCA) of South Africa, as reported by Finance Feeds.
Yellow Card Financial South Africa, founded in 2020, has facilitated over $3 billion in transactions to date. The company plans to use its recently completed $33 million Series C financing to enhance its stablecoin channels, infrastructure, B2B API, and tools. Yellow Card also collaborates with Fireblocks to enhance cross-border transaction capabilities and provide secure and effective on-chain solutions for the African market.