Luno to shut down Singapore business | Business

Luno’s services won’t be available in Singapore from June 20, and the exchange told the Monetary Authority of Singapore that it no longer wants a permit, the platform said in a The move stems from"a regular evaluation of our global strategy," Luno said, adding Singapore customers should withdraw tokens and funds by June 19.

Luno in April 2022 said it had obtained in-principle approval from the MAS to provide digital payment token services. Singapore since then has proposed curbs on crypto trading by retail investors, following last year’s $1.5 trillion rout in digital assets. The plunge blew up a series of crypto outfits, including some with links to the city state.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africans are getting poorer, Capitec data shows | BusinessData from SA's biggest digital banker Capitec shows South Africans are getting poorer. | News24_Business _Business Oh REALLY - JEEPERS CapitecBankSA did u have to rely on DATA to make you realize that MOST of South Africa are POOR and NOT getting POORER FFS ! _Business Nothing new. We are poor _Business That's news to you? 😅
Source: News24 - 🏆 4. / 80 Read more »