Key Takeaways Digital Currency Group subsidiary Luno reduced its staff by 20% to build a leaner operational model. Retail trading drops drove Luno’s second major workforce reduction, following a 35% cut in January 2023. Luno will pivot into 3 core platform units and exit non-core markets prior to Sept. 1, 2026. Second Wave of Layoffs Cryptocurrency exchange Luno is cutting 20% of its global workforce and reorganizing its operations into three distinct units amid a downturn in retail trading and an increased shift toward automation, CEO James Lanigan announced July 28. The company, however, did not disclose the total number …
Bitcoin
Crypto
South Korea should introduce interim stablecoin licensing guidance before lawmakers complete the wider Digital Asset Basic Act. Summary South Korea’s report urges stablecoin licensing guidance …
Russia’s Federal Security Service (FSB) has formally charged Pavel Durov, founder of Telegram, with facilitating terrorist activity and placed him on an international wanted list, …
