QUOTE(soundworks @ May 18 2021, 12:41 PM)
Hey guys,
Got a couple of questions on crypto trading
1) Is it legal to trade crypto using personal bank account?
2) Is it legal to do it with Sdn Bhd?
3) Wont those big traders get their personal bank account frozen due to high volume?
1) Definitely ok, many ppl using personal account to trade in luno or localbit Got a couple of questions on crypto trading
1) Is it legal to trade crypto using personal bank account?
2) Is it legal to do it with Sdn Bhd?
3) Wont those big traders get their personal bank account frozen due to high volume?
2) I don't think u can easily do trading using Sdn Bhd, need approval from Bursa and financial regulations if your main business is crypto trading
3) If you frequently trade means that's your main source of income, u gotta declare your crypto income to LHDN then definitely no problem.
Anyone help him out and do correct me if there is any mistake, cheers
May 18 2021, 01:31 PM

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