Tag: Luno

Number of first-time crypto buyers in SA soars There was an increase of over 43% in the number of first-time crypto buyers in South Africa on Luno in March 2024. At the same time, Bitcoin posted a new all-time high and other cryptos rallied to multi-year highs. Says De Wit, “Research indicates that investors are open to crypto investments if recommended by financial advisors. Many advisors have seen a lack of regulation as a barrier to entry. With FSCA licensing, the asset class should attract the attention of more sophisticated investors that are offered professional and responsible advice.” Africa is primed to lead the decentralised revolution Crypto asset class about to take off in South Africa as the sector becomes licensed and regulated
Crypto Asset Class About to Take Off in South Africa as the Sector Becomes Licensed and regulated

category News, Press Release

Cryptocurrencies currently form a small portion of total investment capital in South Africa managed by fund managers, wealth managers and financial advisors. However, the recent approval by the Financial Sector Conduct Authority (FSCA) of several financial service provider licences could change this. This is one of the key issues explored in a new report by…

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Number of first-time crypto buyers in SA soars There was an increase of over 43% in the number of first-time crypto buyers in South Africa on Luno in March 2024. At the same time, Bitcoin posted a new all-time high and other cryptos rallied to multi-year highs. Says De Wit, “Research indicates that investors are open to crypto investments if recommended by financial advisors. Many advisors have seen a lack of regulation as a barrier to entry. With FSCA licensing, the asset class should attract the attention of more sophisticated investors that are offered professional and responsible advice.” Africa is primed to lead the decentralised revolution Crypto asset class about to take off in South Africa as the sector becomes licensed and regulated
FSCA Awards Licence to Luno, SA’s Largest Crypto Asset Service Provider

category Press Release

South Africa’s largest and oldest crypto asset service provider, Luno, has secured a licence from the Financial Services Conduct Authority (FSCA) to operate as a financial services provider. Luno is the first dedicated crypto asset service provider in South Africa to be awarded its financial services provider licence following the FSCA’s declaration of crypto assets…

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Luno: Who’s Buying Crypto in Africa?

category News

LUNO: Who is buying crypto in Africa? The average African crypto buyer is most likely to be male, spends about $20 USD on the first purchase and holds onto it for about 9 months, according to data from Luno, a crypto platform with over 10 million customers in 40+ countries. Interest in crypto is rising…

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