Luno

Luno

2026-09-01 13:39:44

Luno's Bermuda Class F Licence Opens Path for Institutional Expansion Beyond Africa and Asia-Pacific

Techub News reports that Luno’s international arm has received a Class F digital asset business licence from the Bermuda Monetary Authority. The licence provides Luno International with a regulated operating base in Bermuda. Luno is a cryptocurrency exchange, and the approval applies to the company’s international entity. Luno plans to use the licence to grow its institutional and corporate business in markets outside Africa and Asia-Pacific, according to CoinGape. The report does not name specific target markets or give a launch timeline. It also does not disclose the full terms of the licence or any capital requirements linked to the approval. The licence belongs to Bermuda’s Class F category for digital asset businesses. With the licence in place, Luno International can base regulated activities in Bermuda as it looks beyond the two regions. The update was published by Techub News on September 1, 2026. CoinGape is credited as the source of the original information. No further details on product offerings or the scope of the expansion were provided.

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Luno

2026-08-31 15:43:59

Luno secures Bermuda Class F license to broaden institutional and settlement offering

Crypto platform Luno said it has received a Class F digital asset business license from the Bermuda Monetary Authority, giving the company a regulated base outside its core emerging markets. Luno said the approval places it alongside globally recognized operators including Coinbase, Circle and Kraken. The company said Bermuda can serve as a hub for its B2B and institutional push, allowing its crypto-as-a-service and global settlements products to reach clients beyond Africa and the Asia-Pacific region. Luno also described Bermuda as a jurisdiction built for digital assets and modern payments. According to the company, the license permits over-the-counter trading in cryptocurrencies, tokenized stocks and commodities, as well as the rand-backed stablecoin ZAR Universal. That token is issued by Luno sister company BlockTowerTech and is intended for institutional use. The approval also covers access to Luno’s full range of tradable assets in global spot markets, alongside wallet infrastructure for secure custody and transfers.

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Luno

2026-07-30 11:42:03

Luno to Cut About 20% of Global Staff as Automation Reshapes Its Operating Model

Crypto exchange Luno is cutting about one-fifth of its workforce worldwide, according to comments chief executive James Lanigan gave to Bloomberg on Tuesday. Lanigan did not disclose how many roles will be affected, but said the company has made material investments in automation and wider operational improvements over the past year. He said new internal tools are changing the resources needed to run the business, allowing Luno to move to a leaner structure. The company, owned by Digital Currency Group and based in London, has 16 million users across Africa and the Asia-Pacific region. The latest reduction marks Luno’s second major workforce cut in recent years, after a 35% layoff round in January 2023 tied to what it then described as an extremely difficult year for the crypto market. Luno is also reshaping its business mix. The exchange is pushing to grow its business-to-business arm, where lenders, fintech companies and telecom firms can offer crypto products under their own brands using Luno’s liquidity, wallet infrastructure and compliance rails. At the same time, it is targeting non-U.S. stablecoins in emerging markets and expanding institutional settlement services aimed at lowering the cost of moving money across borders. The move comes during a broader stretch of layoffs and consolidation across crypto firms.

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Luno

2026-07-28 12:12:36

Bloomberg: Luno to cut about 20% of staff worldwide in restructuring

Luno, the cryptocurrency exchange owned by Digital Currency Group (DCG), is planning to cut about 20% of its workforce worldwide as part of a broader restructuring, according to Bloomberg. The move was confirmed by Luno Chief Executive Officer James Lanigan. In comments made in response to media questions, Lanigan said the restructuring will reshape the company’s business mix, with a focus on expanding its business-to-business, or B2B, operations, while also reducing costs to reflect current market conditions. He did not disclose how many employees will be affected by the layoffs. The reported cuts point to a global adjustment in staffing rather than a change limited to one region, though no further geographic breakdown was provided in the report.

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Luno

2026-07-28 12:17:00

DCG-owned crypto exchange Luno plans roughly 20% global workforce cut as it expands institutional business

Luno, the cryptocurrency exchange owned by Digital Currency Group, plans to cut about 20% of its staff worldwide as part of a broader restructuring effort aimed at controlling costs, according to Bloomberg. The move comes as the company shifts more attention to its B2B operation. Chief executive James Lanigan said Luno will expand that business while continuing to invest in institutional clients, core infrastructure, compliance, and retail products. The exchange currently has about 16 million users across Africa and the Asia-Pacific region. It is also opening up its liquidity, wallet, and compliance capabilities to banks, fintech firms, and telecom companies, allowing those partners to offer crypto services under their own brands. Luno also plans to build out non-U.S. dollar stablecoin infrastructure in emerging markets.

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Luno

2026-07-23 16:00:16

Luno Rolls Out Blue Chip+ in South Africa, Combining Crypto With Tokenised U.S. Stocks

Luno has launched Blue Chip+ for South African users, bundling Bitcoin, Ethereum, and tokenised U.S. tech stocks into one rand-based purchase with auto-rebalancing and dividend reinvestment.

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Luno

2026-07-16 06:34:15

Luno formally challenges South Africa’s proposed capital controls for crypto

Crypto exchange Luno has formally challenged South Africa’s proposed foreign-exchange law reforms, arguing that the National Treasury’s plan to bring digital assets under capital flow controls bypasses Parliament and affects the property and privacy rights of millions of South Africans. In its filing, Luno said the draft includes provisions allowing asset seizure without a court order, forced liquidation, and sanctions that could ultimately shut down businesses. The exchange said violators could face up to five years in prison, a $53,000 fine, or both. Luno proposed that the country’s final framework for crypto-related capital flows should be established through an act of Parliament rather than through the current route. It also called for crypto assets bought and held through licensed South African exchanges to be treated as domestic assets, and for digital assets to be classified according to their economic function. The company further urged regulators to remove forced-sale measures and warrantless asset seizure mechanisms, while allowing non-resident international trading firms to keep accessing the South African market under proper registration in order to preserve market liquidity.

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DCG

2026-07-10 00:13:13

Digital Currency Group Acquires Luno, Targets 1 Billion Users Globally

Digital Currency Group (DCG) acquires South African crypto exchange Luno with over 5 million customers across 40+ countries. DCG commits significant investment for global expansion, aiming to upgrade 1 billion people to a better financial system by 2030.

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