Business

Business: Crypto Assets Statement Welcomed – Luno

Last updated on September 11th, 2021 at 08:14 am

A popular cryptocurrency groupin Africa in the name of Luno has welcomed the idea of the declaration of crypto as a financial product, this move was intiated by the Financial Sector Conduct Authority (FSCA) in the late hours of Friday.

Luno head supervisor for Africa Marius Reitz said they invited the draft statement and digital currencies were progressively exhibiting the critical job they could play later on for cash.

He said they uphold guideline in the business, since it made it workable for buyers and expert administrations, for example, examiners to be certain they were managing an item characterized by administrative principles and that authorized crypto items have gone through a screening cycle.

Albert Echetah

Recent Posts

Cooperation between Nigeria and the United Arab Emirates strengthened with a view to mutual growth

Links between the United Arab Emirates and Nigeria have reached an important milestone with the resumption of daily Emirates Airlines…

October 5, 2024

The President of the United Arab Emirates begins an official working visit to Egypt

As part of His Highness' working visit to Egypt, His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency…

October 4, 2024

UAE plans to invest $23 billion in low-carbon energy solutions over the next five years

United Arab Emirates will invest $23 billion over five years in next-generation low-carbon energy, such as hydrogen and ammonia, to…

October 3, 2024

Prince Harry receives warm welcome as he touches down in South Africa

After making a memorable appearance at the WellChild Awards in the United Kingdom, Prince Harry landed at his next destination…

October 2, 2024

Diamond Platnumz nominated for artist of the year in the United States

Tanzanian music sensation Diamond Platnumz, best known for her hit ‘Komasava’, is set to take on Nigeria's finest artists at…

October 2, 2024

Controversy over conditions of detention of ‘StopGalamseyNow’ protesters in Ghana

Oliver Mawuse Barker Vormawor, the organiser of the ‘StopGalamseyNow’ demonstration, and 11 other demonstrators have been remanded in custody until…

October 1, 2024

This website uses cookies.