CFI Gains Category 1 FSP License from South Africa’s FSCA: A Major Milestone for Crypto Trading (CFI)

• CFI Financial has secured a Category 1 Financial Service Provider (FSP) license from South Africa’s Financial Sector Conduct Authority (FSCA).
• The license marks a significant regulatory milestone for the online trading provider, allowing it to expand its operations in Africa.
• CFI is now preparing to launch its operations in South Africa, setting up the necessary infrastructure and systems to provide trading technology and innovative financial solutions to South African traders.

CFI Financial secures a Category 1 FSP license from South Africa’s FSCA, marking a significant step in its expansion strategy across Africa. The company is now preparing to launch its operations in South Africa.

CFI Financial’s Expansion into Africa

CFI Financial, now an authorized South African FSP (FSP No. 53711), is actively preparing to launch its operations in South Africa. This move is part of CFI’s broader strategy to deepen its impact across Africa, building on the successful launch of CFI Egypt in 2023 and its expansion into Kuwait, Oman, and Palestine that same year. The group’s portfolio includes regulatory licenses from the Financial Conduct Authority (FCA) in the United Kingdom, the Securities and Commodities Authority (SCA) in the United Arab Emirates, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Jordan Securities Commission (JSC) in Jordan, and the Financial Regulatory Authority (FRA) in Egypt, among others.

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