With operations initially started in 2015, the company has now “relaunched” in Malaysia and it has been the largest digital asset exchange in the country since 2017.
Luno is a platform to buy, sell, or store cryptocurrencies such as Bitcoin and Ethereum.
As the first company to attain approval, this is an opportunity for Luno to be one of the early pioneers in a space that is “growing very fast”.
Luno platform, in mobile and desktop versions, is now available for all Malaysian residents.
“We are seeing a revolution in global financial services with the adoption and use of cryptocurrencies but this is not going to be an overnight change. Regulators like the Securities Commission, here in Malaysia, who work with new digital assets and blockchain technology are showing real leadership in the sector,” Luno CEO Marcus Swanepoel said.