How hard is it to get a crypto license in South Africa?

Having researched this extensively, I found the process for obtaining a crypto licence in South Africa is quite structured but can be challenging, especially since the Financial Services Conduct Authority (FSCA) enforces strict compliance. Details on FSCA crypto asset service provider licensing: https://gofaizen-sherle.com/crypto-license/south-africa Useful if you want a regulated base outside Europe with real banking access. while looking for detailed guidance, and it really lays out the steps, including the regulatory framework and taxation aspects. The application process evaluates your AML/CFT policies very thoroughly, and the FSCA actively monitors crypto businesses once licensed. It’s also important to note that being compliant with the Financial Advisory and Intermediary Services Act is mandatory since cryptocurrencies are considered financial assets here. For small businesses, the challenge is often the cost and administrative burden of meeting these requirements, while larger companies have more resources but still face rigorous oversight. Overall, the process demands careful preparation but is definitely doable with the right approach and support.