Luno validated by the French regulation – A new PSAN arrives in the city

Luno in the big leagues – Last May, Binance I had proudly displayed his PSANthe grail to win to have the right to practice as a cryptocurrency platform in France. moona cryptocurrency trading platform, decided to follow in the footsteps of the blockchain giant by also acquiring this digital asset service provider license from the French AMF (Autorité des Marchés Financiers).

Another crypto platform in France

moon has therefore obtained the PSAN license required by French legislation. Indeed, the trading platform of cryptocurrencies of over 10 million users, said today that French regulators were giving him the precious sesame.

In concrete terms, this means that Luno can now deliver digital resource services on the territory with all the authorizations required by the financial authorities.

Logo of the AMF, the Financial Markets Authority

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“Vital” regulation for the adoption of cryptocurrencies

Although it hurts and agitates the most purists among us, regulation and regulation are part of the process ofadoption of bitcoin and cryptocurrencies on a large scale. Marco SwanepoelCEO and co-founder of Luno said:

“We believe regulation is vital on the path to mass adoption of cryptocurrencies, and our registration as a PSAN represents a key step in the implementation of our strategic growth plans.”

This permission is a first for Luno. The subsidiary of the blockchain giant Digital Currency Group, a company that manages over $ 40 billion in cryptocurrencies, confirms its development dreams. Like Binance, which later announced it was investing $ 100 million in a startup incubator French, the presence of Luno confirms, despite the threat of regulation, a growing interest in cryptocurrencies in France.

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