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The FCA announced in June that it would be classifying crypto as “restricted mass market investments”, which would require all crypto advertising and marketing media to contain clear warnings concerning the risks associated with crypto investments. Cryptocurrency exchange Luno will on 6 October temporarily halt some of its services in the
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“The FCA has implemented new rules for crypto firms. As a result, all compliant crypto firms with U.K. customers are making a number of changes to their platforms in order to comply with the new regulations,” Taylor said. “For Luno, this includes pausing the ability to invest through the platform
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Luno will be discarding 330 people out of about 960 employees.The prolonged crypto winter that has been taking a hit on all and sundry has now impacted DCG-owned crypto exchange Luno as it plans to lay off some employees. Many crypto companies have been dismissing their workers amid the bearish
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