South Africa’s FSCA Suspends ZAR X’s Exchange License
South Africa’s Financial Sector Conduct Authority (FSCA) suspended the exchange license of ZAR X on August 20, 2021. ZAR X was founded 5 years ago and was the first new stock exchange in South Africa in 58 years. ZAR X is in competition with the JSE. “The suspension resulted from ZAR X’s non-compliance with section…