{"id":47297,"date":"2023-04-19T12:22:19","date_gmt":"2023-04-19T12:22:19","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business"},"modified":"2023-04-19T12:39:42","modified_gmt":"2023-04-19T12:39:42","slug":"luno-to-shut-down-singapore-business","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business","title":{"rendered":"Luno to shut down Singapore business"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Digital Currency Group\u2019s Luno crypto exchange plans to pull out of the Singapore market and scrap its application for a licence in the city state.<\/p>\n

The nation\u2019s toughening stance has led to a reassessment of crypto potential there, particularly as Hong Kong seeks to create a hub for digital-asset firms.<\/p>\n

Luno wrote that Singapore still “has the potential to lead the way in using crypto to build a fair and robust financial system.”<\/p>\n

Embattled crypto conglomerate DCG acquired London-based Luno in 2020. Luno is among a slew of firms that cut staff in recent months as the crypto sector retrenched.<\/p>\n

Over a dozen companies, including Coinbase Global Inc. and Blockchain.com, have received in-principle approvals to provide digital payment token services in Singapore.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Digital Currency Group\u2019s Luno crypto exchange plans to pull out of the Singapore market and scrap its application for a licence in the city state. The nation\u2019s toughening stance has led to a reassessment of crypto potential there, particularly as Hong Kong seeks to create a hub for digital-asset firms. Luno wrote […]<\/p>\n","protected":false},"author":84,"featured_media":47296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,5039,5040,275],"class_list":["post-47297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-dcg","tag-luno","tag-south-africa-2"],"yoast_head":"\nLuno to shut down Singapore business - South Africa<\/title>\n<meta name=\"description\" content=\"Digital Currency Group\u2019s Luno crypto exchange plans to pull out of the Singapore market and scrap its application for a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luno to shut down Singapore business\" \/>\n<meta property=\"og:description\" content=\"Digital Currency Group\u2019s Luno crypto exchange plans to pull out of the Singapore market and scrap its application for a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T12:22:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T12:39:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1681890746.26.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Luno to shut down Singapore business\",\"datePublished\":\"2023-04-19T12:22:19+00:00\",\"dateModified\":\"2023-04-19T12:39:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business\"},\"wordCount\":142,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1681890746.26.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"dcg\",\"luno\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/luno-to-shut-down-singapore-business\",\"name\":\"Luno to shut down Singapore business - 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