Tags: UNO

Today in Crypto: Luno Leaving Singapore, Wirex Launching Private ‘Luxury Service’, Court Extends Creditor Protection for Babel Finance

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Luno South Africa Country Manager Christo de Wit (Luno)

CEO Marcus Swanepoel is moving into a new role as executive chairman, and COO James Lanigan has been promoted to CEO.

Custodia Bank’s membership rejection by the Federal Reserve Board is more alarming for crypto banking than the recent troubles of Binance, Juno and Signature Bank combined.

The firm paused services last month amid its former crypto custodian Wyre‘s turmoil.

Luno said the cuts will affect employees in all regions.

Cryptocurrency products and services feature in a new clause in South Africa’s code of advertising practice introduced by the Advertising Regulatory Board.

Timothy Stranex also served as the company‘s chief technology officer.

DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500 thousand would be a 39,900 return on its initial investment.

Juno‘s current custodian, Wyre, will liquidate in January.