The **Enforcement Division** of the **Financial Sector Conduct Authority (FSCA)** in South Africa has established a dedicated team tasked with probing individuals or firms that offer cryptocurrency financial services sans the requisite authorizations. Presently, they are examining **30 active cases**. The FSCA’s mission is to safeguard the public and ensure the integrity of the industry by taking firm measures against illegal cryptocurrency enterprises. Furthermore, the authority is committed to transparency, pledging to disclose the results of its inquiries and issue alerts upon identifying any crypto businesses operating without registration. In anticipation of designating cryptocurrencies as financial products on **October 19, 2022**, the FSCA had allotted a grace period extending to **November 30, 2023**, for the submission of licensing requests.
