London-based cryptocurrency exchange Luno plans to stop some of its UK customers from trading under upcoming new rules from the Financial Conduct Authority (FCA).
Luno, affiliated with the Digital Currency Group (DCG), a giant investor in the cryptocurrency industry, is the UK’s leading investor for cryptocurrencies. 8 October It is preparing to implement the regulatory rules that will be implemented after the date. Head of Public Policy at the Stock Exchange Nick Taylor In a statement to CoinDesk, the upcoming regulatory rules It is of great interest to all crypto companies. was expressed.
Taylor, integration policies Some customers who experience deficiencies in the scope of cryptocurrency transaction He detailed that they would stop the possibility of doing so with the following statements:
The FCA’s upcoming rules have prompted all compliant crypto firms with UK customers to make various changes to their platforms. For Luno, this includes suspending the ability to invest through the platform for some customers for now.
Luno prevents customers who have compliance problems with the new rules from making transactions before the rules come into force. 2 days ago well on October 6 plans to restrict.
payment giant PayPal In a statement made on August 14, by the FCA, in line with its new rules, it closed crypto purchasing services in the UK. will temporarily stop he explained.