Regulatory Frameworks & License Requirements

Regulatory clarity is very important before projects with Digital Assets and other Blockchain solutions are implemented. STPGLOBAL has partners that specialises in this field and can assist clients with awareness and obtaining the appropriate licenses – for example the newly available Crypto Asset Service Provider (CASP) license in South Africa.

Various jurisdictions have different regulations, for example Markets in Crypto Assets (MiCA) is a piece of European Union regulation that will likely become law in July 2023, with some of its rules taking effect in July 2024 and others by January 2025. The center of the crypto universe has been shifting toward Dubai since March 2022, when the UAE announced the world’s first independent crypto regulator: the Virtual Asset Regulatory Authority. On June 1 2023, Hong Kong implemented new crypto regulations to license exchanges, with the Hong Kong Securities and Futures Commission (SFC) marking the occasion by issuing a flurry of regulatory guidance for operators of Virtual Asset Trading Platforms (VATP)