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DeFI revenue surging in South Africa
The Financial Sector Conduct Authority (FSCA) expects revenue from decentralised finance (DeFi) to reach R52.3 million in South Africa this year, with over R500 million total value locked in DeFi investments already.
However, the FSCA does not expect user penetration to increase from its base of 0.62% in 2024.
The Financial Sector Conduct Authority (FSCA) expects revenue from decentralised finance (DeFi) to reach R52.3 million in South Africa this year, with over R500 million total value locked in DeFi investments already.
However, the FSCA does not expect user penetration to increase from its base of 0.62% in 2024.