South Africa’s crypto space is expected to transform for the better since there will be a lesser number of unbacked crypto assets in the upcoming year through licensing crypto companies. What Happened: The Financial Sector Conduct Authority (FSCA) in South Africa announced it has reviewed 128 applications from crypto service asset providers (CASPs). It plans to discuss only 36 license presentations during its next meeting on Dec. 12, 2023, at its Licensing Executive Committee meeting. Another 22 applications will be presented on Feb. 13, 2024, while the last 14 applications will have to wait u…