ChainCatcher news, according to CoinDesk, the cryptocurrency exchange platform Luno has announced that it has obtained permission from South African financial regulators to become one of the first regulated crypto entities in the country.After South African regulators passed legislation in June 2023 to include cryptocurrencies within the scope of regulated financial activities, they began accepting license applications from crypto companies.

ChainCatcher news, South African cryptocurrency investment app Luno adds three DeFi tokens for investors to invest in: Aave (AAVE), Curve (CRV), and MakerDAO (MKR).

ChainCatcher news, according to CoinDesk, Luno's head of public policy Nick Taylor stated that the company plans to block certain UK customers from buying or trading cryptocurrencies on October 6, two days before the new UK cryptocurrency promotion rules take effect. Luno stated that those affected can still sell and withdraw funds, and it is taking a phased approach to reintroduce investment opportunities to its customers.Nick Taylor mentioned that the UK Financial Conduct Authority's cryptocurrency promotion rules will come into effect on October 8, and therefore, all compliant cryptocurrency companies with UK customers are making some changes to their platforms to comply with the new regulations.

ChainCatcher news, DGG's cryptocurrency exchange Luno announced that it will cease operations in Singapore starting from June 20, 2023. However, this decision will not affect its business in Malaysia.Luno stated that this move is part of a "regular assessment of its global strategy and presence." All Luno accounts belonging to Singapore customers will be closed before June 20 of this year, and users need to withdraw all cryptocurrencies or Singapore dollars from their Luno wallets by June 19. If users fail to withdraw their held cryptocurrencies by June 19, these cryptocurrencies will be sold at the current market price and stored in Singapore dollars, with sales subject to Luno's existing 0.75% instant trading fee. (Source link)

ChainCatcher news, CoinDesk subsidiary CoinDeskIndices has partnered with cryptocurrency exchange Luno to launch the Luno Large Cap Bundle, aimed at helping South African customers access a cryptocurrency portfolio. The product will track the CoinDeskIndices Large Cap Select Index (DLCS) and will include 5 to 10 of the largest cryptocurrencies by market capitalization. (Source link)

ChainCatcher news, cryptocurrency exchange Luno's co-founder Marcus Swanepoel will step down as CEO and become the company's executive chairman. The company stated in a press release that Luno's Chief Operating Officer James Lanigan will take over as the new CEO.Additionally, since being acquired by DCG in 2020, Luno has also been seeking investments from new investors. (Source link)

ChainCatcher news, according to Cointelegraph, at least 14 crypto companies announced layoffs in January 2023, with nearly 2,900 employees in the crypto sector being dismissed.It is reported that the largest layoffs this month were initiated by Coinbase, which laid off about 950 employees on January 10. Exchanges Crypto.com, Luno, and Huobi laid off approximately 500, 330, and 320 people, respectively. Crypto bank Silvergate fired 200 employees, Blockchain.com cut 110 employees, and 96 employees were laid off from MetaMask's parent company ConsenSys. (Cointelegraph)

ChainCatcher news, Luno, a cryptocurrency exchange under Digital Currency Group, announced a 35% layoff. Its CEO Marcus Swanepoel stated that "crypto turmoil" has affected Luno's "overall growth and revenue numbers," prompting the platform to take layoffs and other measures.According to ChainCatcher previous report, Luno stated that operations are not affected by Genesis, and customer funds are safe. The platform's founder and CTO Timothy Stranex left in December last year. (source link)

ChainCatcher news, according to The Block, Luno's founder and chief technology officer Timothy Stranex has left the company in December to pursue "personal projects." Timothy Stranex worked at the company for ten years.It is reported that Luno was founded in 2013 by Timothy Stranex, Carel van Wyk, Pieter Heyns, and current CEO Marcus Swanepoel. It is a cryptocurrency trading and wallet application that was acquired by the cryptocurrency group Digital Currency Group in September 2020. (Source link)

ChainCatcher message, Luno, a subsidiary of Digital Currency Group and a cryptocurrency trading platform, stated that Luno's operations will not be affected by Genesis's recent announcement, customer funds are safe, and all savings wallet funds are now on the Luno platform. Additionally, the savings feature is not available in Malaysia. (source link)