The cryptocurrency trading platform VALR has obtained a regulatory license in South Africa

According to CoinDesk, the South African cryptocurrency exchange platform VALR has received regulatory approval from the country's financial regulatory authority.

According to the cryptocurrency data platform RootData, in March 2022, VALR secured $50 million in Series B funding, led by Pantera Capital, with participation from Alameda Research, Coinbase Ventures, and Avon Ventures. It is reported that this round of financing is the largest in the African cryptocurrency sector to date, and after the funding, VALR's valuation will reach $240 million.