Xago Technologies Secures Key Crypto Licence from South African Financial Regulator
CAPE TOWN/South Africa: Xago Technologies, a leading innovator in the cryptocurrency and digital assets space, has achieved a major milestone by securing its Crypto Asset Service Provider (CASP) licence from South Africa’s Financial Sector Conduct Authority (FSCA). The licence, granted under the CAT I Intermediary classification, marks a significant leap in the company’s mission to offer secure and compliant cryptocurrency services to individuals and businesses throughout the country.
The CASP licence is a critical regulatory requirement for any company involved in crypto-related services within South Africa, ensuring that Xago adheres to the highest standards of financial integrity, consumer protection, and operational transparency.
Expressing his delight at the development, Xago Technologies CEO Jurgen Kuhnel stated, “Receiving the CASP licence is a testament to our commitment to building a trustworthy and secure platform for our users. It reinforces our dedication to compliance and best practices in the rapidly evolving world of digital assets. We believe that this licence will not only strengthen our position in the market but also enhance the confidence of our customers and partners in our services.”
As one of the industry’s frontrunners, Xago Technologies has been continuously innovating to meet user demands while strictly adhering to regulatory frameworks. This latest achievement underscores the company’s role in ensuring the responsible growth of the crypto market in South Africa.
In addition to its regulatory success, Xago Technologies is exploring new partnerships and opportunities to expand the integration of digital assets into the broader financial ecosystem. The company aims to make cryptocurrency more accessible and beneficial to all, further positioning itself as a key player in the future of financial technology.
With the CASP licence now in hand, Xago Technologies is poised to continue leading the way in providing secure and reliable cryptocurrency solutions to its growing user base.
