PANews, April 29th - According to CoinDesk, South Africa will hold its general elections on May 29th. However, industry observers believe that this will not affect the country's policies regarding the digital asset industry. The Financial Sector Conduct Authority (FSCA) of South Africa recently established a cryptocurrency licensing regime and plans to issue licenses to 60 cryptocurrency companies in the coming weeks. Currently, cryptocurrency companies such as Luno, Zignaly, and VALR have obtained licenses. The South African National Treasury recently stated that the government's Fintech Working Group will consider use cases, related policies, and regulatory responses to stablecoins this year, and plans to publish a discussion paper outlining the regulatory impact on tokenization and blockchain-based financial market infrastructure before December. Industry experts believe that South Africa's handling of digital assets is largely non-political and is carried out through an intergovernmental working group, which is inherently non-political as well.