You didn't read well. Such notice is for CNY holidays.

This post has been edited by jack2: Feb 14 2018, 10:26 PM

We’re emailing to let you know that we’ve updated our Terms of Use (the Terms). We’re growing fast and working hard to remain a leader in an evolving industry. This update to our Terms better reflects how our customers are using Luno.

The updates include:

How we will communicate with you about your account
Your obligations as a Luno customer
The fees that may apply to your use of Luno
The steps you must take to secure your Luno account
Steps we will take when you request to open or close a Luno account
The process for resolving any disputes
The points listed above are a summary only. We recommend that you take some time to read the full updated Terms, now available on our website.

See the updated terms
The Terms will come into effect on 1 March 2018. Your continued use of Luno from that date will be taken as acceptance of them. If you do not agree with the updated Terms, we ask that you close your Luno account prior to the updated Terms coming into effect. Please see here for more information.

All updates we make, like these changes to our Terms, are a commitment to give you a better experience, as we continue to make it easy and safe to buy, store and learn about digital currency.

Thanks

Team Luno

like? please do share.

i just submitted ticket to close account. anyone want to do the same, please go to https://www.luno.com/help/en/tickets/new?de...lose+my+account

I will.do the same after their bank account is reinstated for withdrawal.

then u will get tax (start 1st march). dont think withdrawal allow earlier

Tax is calculated on withdrawal amount and not based on profit?

how do they know that u earn profit? So it like GST, you buy - Tax 6%
so the way i look from here, easy part is tax on buying and sellling transaction. Dont care u profit or not. Concept is similar like KLSE

This post has been edited by ericlaiys: Feb 15 2018, 11:00 PM

i didn't know the concept of KLSE. Mind to elaborate?

KLSE will include some sort of fees and tax on each transaction.
This including with dividend pay out as well. To summarise, tax on buying, selling & get dividend

KLSE will include some sort of fees and tax on each transaction.
This including with dividend pay out as well. To summarise, tax on buying, selling & get dividend

Some fees and tax on dividends are totally not same.

Tax on dividends are tax payable by shareholders of the company and I can accept this way but for crypto profits, no way.

Its xbit asia opening for new registration again.

Malaysia registration seem to be still on hold.

where to sell eth for myr besides luno and remitano or localbitcoins?

sell to me

Hi all,

In the meantime those interested to buy in MYR can follow our telegram group:

https://t.me/joinchat/GpzHAQ_5m-nXiI3VR_aapg

i think you got the wrong idea. there are differences btw GST, income tax, Stamp duty and many more... if based on your logic, if we pay GST we do not have to pay income tax... how i wish i could do that.

I'm actually extremely impressed with Luno's public communication skills. They basically said the same thing 13 times in the span of 2 months yet nobody seems furious about it except me. You have to give them credit when credit's due.

hi, sounds interesting. Have a few questions.

1. Are you licensed to operate in Malaysia? If yes, could you provide the link?

2. Do you have any sort of guarantee if the fund is lost or hacked (happened many times)? Could you provide the specifics?

3. Are you regulated?

Thanks.