South Africa recently established a licensing regime for crypto and plans to issue 60 licenses to crypto firms. The country has included crypto providers in its Financial Advisory and Intermediary Services Act to regulate digital assets as financial products. Although the presidential elections are approaching, the CEO of Nuud Money believes that the political landscape will not affect the country's crypto policies. Additionally, South Africa's National Treasury aims to explore the potential uses of stablecoins and the implications of tokenization on domestic markets. The initiatives have been described as apolitical by John McCarthy, emphasizing the non-political nature of the work done on digital assets in South Africa.