Crypto exchange Luno’s vice president of corporate development and international, Vijay Ayyar, is leaving the company as it prepares to exit Singapore.
CNBC reports that Vijay Ayyar, a senior executive at cryptocurrency exchange Luno, has resigned from his position. Ayyar was one of the exchange’s earliest employees and, until his resignation, served as vice president of corporate development and international.
Ayyar, who has worked at Luno for seven years, steps down as the firm prepares to suspend its operations in Singapore, where he is based.
Luno, owned by Digital Currency Group (DCG), announced last month that it would no longer offer its services in Singapore. It also withdrew its license application to operate in the city from the Monetary Authority of Singapore.
The exchange explained the move is part of an “evaluation of [its] global strategy and presence.” Adding that the decision would not affect other regions it operates in.
Mr Ayyar told CNBC that his decision
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