Luno News

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

DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500,000 would be a 39,900% return on its initial investment.

Industry insiders believe South Africa’s move to classify cryptocurrencies as financial products could drive the adoption and legitimacy of the sector.

Luno exchange agreed not to post its Bitcoin ads in their current form again and promised to ensure that future ads would carry a proper risk warning.

Users of cryptocurrency exchange Luno can claim $14 in BTC rewards before Sunday.

After providing initial seed funding to Luno in 2014, Digital Currency Group has acquired the cryptocurrency exchange platform.