On September 23rd, according to Cointelegraph, South Africa is rapidly becoming the digital asset hub of Africa. Ben Caselin, chief marketing officer of Johannesburg-based cryptocurrency exchange VALR, said that South Africa is becoming the gateway to the African market due to its good rule of law and independent judicial system. In April, the South African Financial Conduct Authority (FSCA) granted VALR a Crypto Asset Service Provider (CASP) license. According to Statista, the South African cryptocurrency market is expected to reach $332.90 million in revenue by 2028, with a compounded annual growth rate of 7.86%. Caselin believes that South Africa's regulatory regime is one of the best in the world, even better than Hong Kong, Singapore, and the United States.