SA Crypto Exchange VALR has Received Two Key Licenses from FSCA

South Africa’s VALR has received two key licenses from FSCA, which is great news for the crypto world around here. This means the company now has official permission to offer some new, cool financial products that people can trust. VALR getting these licenses shows it’s serious about following the rules and keeping things safe for users.

VALR started back in 2018 and quickly became Africa’s biggest crypto exchange when it comes to trade volume. It lets people buy, sell, store, and send Bitcoin and over 60 other cryptocurrencies — that’s actually the widest choice of any crypto platform in Africa. Because of this, many people and companies use VALR every day, with more than 1.4 million traders and over 1,400 corporate customers worldwide.

The company already had a license as a Virtual Asset Service Provider from the FSCA, so it’s fully recognized under South African law. VALR also got regulatory approvals from Europe and even initial approval from Dubai’s VARA, which means it’s playing by the rules in more than one place.

VALR has received two key licenses from FSCA

They also just finished a Proof of Reserves audit by a top blockchain security company called Hacken. This audit is a big deal because it proves VALR actually has the money to cover all the crypto it holds for users, which gives customers peace of mind that their funds are safe.

Now, South Africa’s VALR has received two key licenses from the FSCA: an Over-The-Counter Derivatives Provider (ODP) license and another Financial Services Provider (FSP) license. The ODP license means VALR can now offer different types of derivatives, which are basically contracts based on the value of crypto and other assets like currencies, shares, and commodities. These include things like Contracts for Difference (CFDs), Futures, Options, Forwards, and Swaps all tied to crypto and other financial products.

This is one of the first times a company in South Africa has gotten permission to offer these kinds of derivatives with crypto as the base asset. It’s a big step because it mixes traditional financial tools with the crypto world, all under proper regulations to protect users.

The second license, the additional FSP license, opens doors for VALR to also deal in more traditional financial products like shares, bonds, and other securities. So, besides crypto, customers can soon access an even wider range of financial investments through VALR.

Farzam Ehsani, the co-founder and CEO of VALR, explained how important this is. He said the ODP license helps them connect crypto with regular financial products in a safe and legal way. He’s excited about bringing more new services to their users and making crypto trading easier for everyone.

To put it simply, SA crypto exchange VALR has received key licenses from FSCA which makes it a pioneer in South Africa’s crypto scene. It shows that VALR wants to be a trusted, rule-following platform where people can trade crypto and other assets safely. This is a big deal because regulated crypto companies help build confidence among investors and traders.

VALR getting these licenses isn’t just good for the company — it’s good for South Africa’s whole crypto market. When companies like VALR follow the rules and offer safe products, more people and businesses feel comfortable joining in. This could lead to more innovation and better financial options for crypto users all over the country.

It’s a clear sign that crypto is becoming more mainstream and safer here in South Africa, and VALR is right at the front of this progress.

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