Cape Town, South Africa I Xago Technologies, a leading innovator in the cryptocurrency and digital assets industry, is proud to announce that it has received its Crypto Asset Service Provider (CASP) licence from the Financial Sector Conduct Authority (FSCA) in South Africa as a CAT I Intermediary.
This milestone marks a significant step forward in the company’s mission to provide secure, compliant cryptocurrency services to individuals and businesses across South Africa.
The CASP licence is a crucial regulatory requirement for companies offering crypto-related services in South Africa. It ensures that Xago Technologies meets the highest standards of financial integrity, consumer protection, and operational transparency.
In response to the news, CEO Jurgen Kuhnel said, “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.”
Xago Technologies has been at the forefront of the crypto industry, continuously innovating to meet the needs of its users while adhering to strict regulatory standards.
Xago Technologies is excited to continue its journey and is also exploring new partnerships and opportunities to further integrate digital assets into the broader financial ecosystem, while making them accessible and beneficial to everyone
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