South Africa issues digital currency licenses to Luno, VALR
The Financial Sector Conduct Authority announced in 2023 that all VASPs had to obtain a license or shut down by the end of the year.
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Luno ceases service for some UK customers amid tough new rules: report
Luno told one news outlet that the Financial Conduct Authority’s new rules, taking effect in October, necessitate a business review and that the restrictions affect other players too.
South Africa demands licensing for digital asset exchanges by December
The FSCA says 20 exchanges have submitted applications, including Digital Currency Group-owned Luno, with the new licensing requirement meant to protect investors.
Digital Currency Group’s Luno exchange cuts off Singaporean users
After laying off 35% of its staff in January, Luno is now ceasing its services in Singapore amid increased regulatory scrutiny in the city-state.
Brutal layoffs continue in the digital currency industry—is this the worst bear market yet?
Only two months since entering 2023, thousands have been laid off in the digital currency industry, but hopes of a bull market remain, though it may not likely be the same as before.
Digital Currency Group-owned exchange Luno axes 35% of staff
It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry insiders view the growth prospects of exchanges in the near-term future.
Digital Currency Group’s Luno exchange cuts staff, Grayscale won’t cut fees
In a 'town hall' meeting on January 25, U.K.-based digital assets exchange Luno revealed that around 35% of them were out of a job.
Exclusive: Nigeria’s digital currency community speaks out on central bank ban
Despite thriving for years now, Nigeria’s digital currency industry faces its biggest threat yet following a central bank ban that has denied it basic banking services.
Why Africa is the next frontier for digital currency
A new report by Luno and Arcane Research has delved into the African digital currency market, acknowledging the opportunities and analyzing the challenges.
Africa’s digital currency exchanges strong as ever despite the pandemic
Africa’s digital currency exchanges have continued to register constantly high trading volume despite the COVID-19 pandemic, with some even increasing users
Luno opens new opportunities in Africa with crypto’s help
Africa’s cryptocurrency industry has continued to grow as more people wake up to the massive opportunity that Bitcoin offers.
Crypto linked bank accounts shut down in South Africa: report
The move affects the largest crypto exchanges in South Africa, with the banks citing regulatory ambiguity.