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Luno awarded French digital asset service provider registration in key crypto milestone

Luno awarded French digital asset service provider registration in key crypto milestone | Fintech Finance

Luno, the global cryptocurrency app that puts the power of crypto in everyone’s hands, has today announced that it has been awarded a digital asset service provider (DASP) registration in France by the Autorité des marchés financiers (AMF), following clearance by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).

The landmark achievement will enable Luno to offer its services directly to customers in France and is a testament to the company’s commitment to working with regulators and meeting the requirements of local legislation. Going hand in hand with this extensive regulatory engagement is Luno’s commitment to setting the gold standard for compliance in all the markets in which it operates.

In line with this commitment, Luno France is now moving towards obtaining the optional license from the AMF, which has to date not been awarded to any DASP.

Moving forward, Luno will continue to work with regulators globally to promote the development of new regulatory frameworks for crypto assets and continue to grow its portfolio of regulatory permissions around the world.

Marcus Swanepoel, CEO and Co-Founder at Luno, said, “Since our founding in 2013, our mission has been to put the power of crypto in everyone’s hands. As part of this, compliance and security are deeply ingrained in our culture and we have always prioritised a proactive approach to ensuring the safety of our customers and the industry. We believe that regulation is vital in crypto’s path to mass adoption and our DASP registration represents a key step towards achieving our strategic growth plans.”

“We are actively working with a number of financial regulators across multiple countries and continents to drive regulation in the sector,” said Thomas Tudehope, Global Head of Public Policy at Luno. “We are moving towards obtaining the full license from the AMF which will put us in a unique position as to date no DASP has obtained the full license in France. We have seen first-hand the positive impact that proper regulation can have and we look forward to working closely with the AMF and ACPR to continue lifting industry standards.”

Géraldine Filippi, General Manager Business France UK & Ireland commented: “I welcome the decision of Luno to choose France for its EU headquarters and congratulate them on their DASP registration. When supporting Luno on its expansion, it was clear that France’s ecosystem, talent pool and the spirit of our regulator perfectly aligned with their ambitions of growth and innovation while keeping the safety of customers a priority! With a team expected to grow quickly, we wish them a brilliant future in France“

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