Luno, a London-based cryptocurrency exchange, has expanded into the South African market after receiving a license from the Financial Sector Conduct Authority (FSCA). This move allows Luno to offer its services legally in the region and improve customer service.
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Luno is known for innovative cryptocurrency trading solutions and operates in over 40 countries globally, establishing itself as a key player in the crypto market.
With the recent licensing acquisition, Luno can now serve the South African market while ensuring compliance with local regulatory standards.
Luno’s license in South Africa under the FAIS Act marks a significant step for the company and the local cryptocurrency industry. Regional manager Christo de Wit highlights Luno’s focus on compliance, safety, and customer security, essential factors for the company’s growth and future expansion efforts.
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