Study: Less Than 5% of South Africa-Based Crypto Asset Providers Generate Revenues Exceeding $8 Million – Regulation Bitcoin News
December 4, 2023
Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $8 million and $10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn their revenue from trading fees.”
Only 10% of FSPs Derive Income From Both Regulated and Unregulated Financial Services
According to findings of a crypto…