Luno Wins Regulator Registration in France for Crypto Exchange

The Autorité des Marchés Financiers (AMF) has registered digital asset service provider (DASP) Luno as a business in France.
Luno is able to custody digital assets, facilitate their purchase, sale, and exchange, and run a trading platform for them thanks to DASP registration.
According to Thomas Tudehope, worldwide head of public policy at Luno, “before registration, we could only offer our services to French consumers on a reverse solicitation basis.” This implies that potential clients have to make the effort to contact Luno. We may now directly market our goods and services to French clients who live in France thanks to the registration.
Binance, the biggest cryptocurrency exchange in the world, acquired DASP registration from the AMF in May. Luno is following in Binance’s footsteps.
Additionally, Luno wants to become an AMF-licensed company, something no DASP has ever accomplished.
Around nine million people use Luno products globally, with a significant portion of them residing in Africa. It also has offices in Singapore, Cape Town, Johannesburg, Lagos, and Sydney in addition to London.
Digital Currency Group purchased the 2013-founded Luno in 2020.
Additionally, Luno wants to become an AMF-licensed company, something no DASP has ever accomplished.
While license offers advantages like direct marketing, registration only permits a business to provide services to French customers.
Around nine million people use Luno products globally, with a significant portion of them residing in Africa. It also has offices in Singapore, Cape Town, Johannesburg, Lagos, and Sydney in addition to London.
Digital Currency Group purchased the 2013-founded Luno in 2020.

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