EA Capital, a financial service provider focusing on
blockchain technology in South Africa, has obtained a regulatory license in the
region. The company received a Category I license as a Crypto Asset Service
Provider from the Financial Sector Conduct Authority.
Bridging Traditional Finance and Digital Assets
Since 2022, EA Capital has reportedly operated as a
regulated Financial Services Provider and an Accountable Institution under the
Financial Intelligence Centre.
According to the company’s LinkedIn post, the
licensing reflects South Africa’s efforts to regulate the digital asset space
with the aim of protecting investors and consumers while enhancing the sector’s
credibility. The company now seeks to integrate established banking practices
with its digital solutions.
“EA Capital provides a unique blend of an
established traditional international banking team with a long-term
market-leading track record, experienced, and expert crypto/digital asset &
blockchain technology team with complementary skills and experience,” Ryan
Aufrichtig, the company’s Founder and CEO, commented.
“Our CASP license underscores EA Capital ( Pty ) Ltd’s culture, experience,expertise, and understanding in the governance and management of the full “front-to-back” business within a highly
regulated TradFi environment into the crypto/digital space/age.”
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
