Asset management company Jaltech obtains crypto asset service provider license from South Africa’s FSCA

Jaltech, an alternative investment fund management company, has been awarded a Cryptocurrency Asset Service Provider (CASP) license by the Financial Sector Conduct Authority (FSCA) of South Africa. This license will allow Jaltech to provide cryptocurrency investment services to financial advisors, institutions, and retail investors. Earlier reports stated that South Africa will issue licenses to around 60 cryptocurrency platforms by the end of March.