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South Africa has become the first African country to license cryptocurrency exchanges

According to Odaily, South Africa has become the first African country to license a cryptocurrency exchange. The country began studying the regulatory framework for cryptocurrencies in 2021, aiming to implement final regulations by 2022.

According to the Statista report, the cryptocurrency market in South Africa is expected to generate $246 million in revenue in 2024, with a compound annual growth rate (CAGR) of 7.86% from 2024 to 2028, reaching $332.9 million by 2028.

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