Looking at the volumes on Luno, my guess is they want to keep Luno traders locked in so there is no flight of coins. The exchange probably controls about 80-90% of the volume which explains the price being kept higher than the BTC actual value. if you keep an eye on the buy and sell walls, you can see they're banding it in the 70k range and it seems deliberate. Otherwise we'd have seen the drop like the rest of the world. Now, it may be a matter of 'protecting' Luno traders from panicking and losing out 30% or more, or it may be a matter of keeping them 'locked in'. What it does mean for investors is loss of confidence no matter what they're doing. There was a very simple workaround to all this but they seem like cowboys who jumped in with guns a-blazin and now the traders are left in the lurch. I'd say crypto trading is officially dead in Malaysia for now, except for the P2P platforms which I have very little trust to deal with. Can some vets suggest how one may trade through singapore?

if you guys have a lot of bitcoins, will you transfer to luno and sell at market price? potentially risking your RM being stuck there forever? funny peeps. blame government,  blame luno, blame here blame there.

for those who blame LHDN, luno is running a business in malaysia. let say they didnt declare anything nor pay tax to our country. so its wrong to audit and freeze their accounts just in case they transfer all the money out of malaysia?

for those who blame luno for high btc price, who the hell in their mind will transfer btc to luno and sell at market price at current condition ? ask yourself, why you want to buy btc? to transfer to other places.

peeps, high risk high return. there is no way, no risk high return. good luck.

will u put a money into a sinking ship or already knew got problem? The answer is no till everything rectify.

will u put a money into a sinking ship or already knew got problem? The answer is no till everything rectify.

exactly, yet i have seen silly people complaining about luno high btc prices... luno manipulate btc price so that they can retain people's money in them yada yada... but i supposed its because everyone wanna cash out from luno, no people who is sound mind gonna sell their btc in luno at market price... those who are selling btc in luno is taking a risk to gain 30~50% by gambling that luno gonna sort things out within weeks or days.

You made a good point. People still die die stay in Luno because Luno price is 20-30% higher than market price. If you transfer out and sell, you loss that 20-30%. So it is a gamble. By the way, if the issue been solved, i believe immediately the price will back to market price. So no point keep money in Luno in my opinion. You risk your own money there!

It is already higher, so you can always sell now and keep the fiat in Luno's system. Either withdraw when systems are back online or buy again at a discount.

You made a good point. People still die die stay in Luno because Luno price is 20-30% higher than market price. If you transfer out and sell, you loss that 20-30%. So it is a gamble. By the way, if the issue been solved, i believe immediately the price will back to market price. So no point keep money in Luno in my opinion. You risk your own money there!

It is already higher, so you can always sell now and keep the fiat in Luno's system. Either withdraw when systems are back online or buy again at a discount.

What do you mean by bank KYC on localbitcoin?

if you read the conditions set by sellers on some listings, its almost like bank KYC: i.e. they ask for IC, bank account must match IC and localbtc account name, they can ask for further verifications etc.. etc.... Its ridiculous! I'm never sharing sensitive data with an individual, as it is: the banks and telcos know more about us than necessary but at least they can be held to account for abusing our data. What to say of a random individual on localbtc?

What’s worse is that they never take responsibility for our data privacy. Like all the Malaysians data was leaked in a telco hack in October, they just conveniently swept it under the rug. Malaysians should scream for legal charges and compensation.

What’s worse is that they never take responsibility for our data privacy. Like all the Malaysians data was leaked in a telco hack in October, they just conveniently swept it under the rug. Malaysians should scream for legal charges and compensation.

personally if its long hold u can keep in luno but if wanna trade then better move to binance or quoinex or just simple sell it all off on remitano or local bitcoins

i had luno since the bitx era, deposit and withdrawal problems always come and go. even coinhako had problems but somehow rectified. those of you desperately wanna withdraw, send btc to a neteller account. then sell your dollars to a malaysian neteller agent. easy. or sell to me lmao

So you can buy at Luno price?

NEVER hold coins in a exchange's wallet, that is Crypto 101. There have been many exchanges hacked or shut down or gone broke and people lost everything. Always put your coins in a secure wallet app, paper wallet or hardware wallet, but never leave it on an exchange wallet especially an exchange who has its bank account frozen and is being investigated by the local tax office!