South Africa Crypto Licence FAQ (FSCA)

Short answers on which crypto firms the FSCA has licensed and how licensing works.

How many crypto firms are licensed in South Africa?

298 crypto asset service providers are on the FSCA's list of licensed CASPs (March 2026). Full list.

Are Luno and VALR licensed by the FSCA?

Yes. Luno (Pty) Ltd and VALR (Pty) Ltd are both in the licensed section of the FSCA list (March 2026).

Is Binance licensed in South Africa?

No entry on the FSCA's list (March 2026) carries the name Binance. That is not a finding about how Binance serves South African users.

How many crypto licence applications has the FSCA approved?

The FSCA had approved 310 of 533 crypto licence applications by 31 March 2026; 17 declined and 124 withdrawn.

Is crypto legal tender in South Africa?

No. The FSCA says its licensing does not recognise crypto assets as legal tender, and the South African Reserve Bank does not currently recognise crypto assets as currency.