The Enforcement Division of South Africa's Financial Sector Conduct Authority (FSCA) is actively investigating 30 cases of unlicensed crypto operations.

A dedicated team has been assembled to scrutinise individuals and entities offering crypto financial services without proper authorisation.

The FSCA's primary goal is to safeguard the public and ensure fair practices within the industry.

By probing these unlawful operations, the regulator seeks to maintain integrity and trust in the financial sector.

Decisive actions are expected against those found guilty of flouting regulations, highlighting the FSCA's commitment to rigorous oversight.

Through these efforts, the authority aims to fortify the legal framework governing cryptocurrency services.