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Exchanges / Wider check / Luno
WIDER CHECK · NO SCORE · 9 OCT 2026

Luno: what the sources say

No MiCA authorization found Limited search: no Rigor score

Key facts

Regulation, reserves, fees

MiCANot foundNone found in the ESMA interim register
Italian residentsNot verifiedRegistry check pending
Proof of reservesPublishedMoore (Moore Johannesburg) · 2026-08 (report month; most recent listed on 2026-10-09)
Spot fees (base tier)0.08% / 0.1%maker / taker

Reserves note: Monthly; reports usually published by end of following month. Page says attestation checks crypto holdings >= funds owed to customers.

Track record

Incidents and regulator actions found

Security incidents

  • No incident found in our limited search.

Regulator and court actions

  • 2023-11-01 Sessions Court, Malaysia (civil suit v. Luno Malaysia Sdn Bhd): Customer sued for negligence over unauthorised crypto purchases (about RM600,000, March 2021); Luno argued the transactions required access to the customer's credentials. Outcome: Court ordered Luno to pay RM697,920.05 (compensation plus exemplary damages); Luno said it respected the decision and was considering appeal (reported by SAYS). PRESS OR OTHER SOURCE · official text not found source
  • 2021-12-15 UK Advertising Standards Authority: ASA upheld three complaints against Luno Money Ltd over an in-app ad (14 Aug 2021): no risk warning, fees not disclosed, ad judged irresponsible. Outcome: Ad must not appear again in that form. PRESS OR OTHER SOURCE · official text not found source
Limits

What we could not verify

Not verified: which countries the exit covers (Luno has not named them) and whether Italy is among them; OAM status; incidents or legal actions in last 5 years (no search result found; not exhaustively searched); an earlier French PSAN registration of Luno was seen only as a headline (The Block) and its current status is unknown, so it is not listed. Exit-timeline details are from third-party outlets, not Luno notices. Incident/legal search 2026-10-09 via web search (limited number of queries); absence of entries is not proof of absence.

Facts are as of 9 Oct 2026. We ran a limited number of searches per exchange, so an empty list is not proof that nothing happened. We did not check the Italian OAM register. Items from press or third parties are reports, not findings by an authority. If something here is wrong or out of date, send a correction with a source: corrections policy. Education only, not investment advice.

Sources

  1. [1] ESMA interim MiCA CASP register (CSV), searched for 'luno' accessed 2026-10-09
  2. [2] Luno licenses and registrations (luno.com.ng) accessed 2026-10-09
  3. [3] CryptoTicker: Luno EU exit and account closure deadline accessed 2026-10-09
  4. [4] CryptoSlate: Luno blocks crypto transfers for some users accessed 2026-10-09
  5. [5] Luno Help Centre: A guide to Luno's Proof of Reserves accessed 2026-10-09
  6. [6] Luno Help Centre: fees for trading on the Luno Exchange accessed 2026-10-09
  7. [7] Luno Help Centre: fees and limits in South Africa accessed 2026-10-09
  8. [8] Fintech News Malaysia: Luno proof of reserves (Feb 2024) accessed 2026-10-09
  9. [9] SAYS: Luno considering appeal after RM700K ruling accessed 2026-10-09
  10. [10] ASA ruling on Luno Money Ltd (2021-12-15) accessed 2026-10-09