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.