The Autorité des marchés financiers (AMF) has granted Luno a digital asset service provider (DASP) registration in France, following clearance by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
The historic achievement will allow Luno to offer its services directly to customers in France and demonstrates the company’s commitment to working with regulators and meeting local legislation requirements. Luno’s commitment to setting the gold standard for compliance in all markets in which it operates goes hand in hand with this extensive regulatory engagement.
In accordance with this commitment, Luno France is now working to obtain the AMF’s optional license, which has yet to be awarded to any DASP.
Moving forward, Luno will continue to collaborate with regulators around the world to promote the development of new regulatory frameworks for crypto assets, as well as expand its portfolio of regulatory permissions globally.
”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”