what is VASP?

Businesses that operates exchanges and allow people to send/receive crypto just like LUNO's business.

Let's say if I made huge profits from selling NFT on OpenSea, can I transfer to Luno and cash out to MYR from there?
If they ask for the detailed information, I'll just provide my own info since I'm the seller, who made profits through selling NFT (which I suppose is a legal activity).

Buyer could be anyone who is willing to pay for my NFT

Hello,

My name is Ross and I'm the Community & Education Lead for Luno MY.

To answer your question, you can definitely send your NFT sale profits into Luno and then cash out into MYR.
No issues

Just ensure you send your crypto using the correct network
Example: if you are sending ETH to Luno be sure to use the Ethereum (ERC20 network)

Luno will only ask information from which wallet you sent from
Example: if you sent the ETH from your MetaMask account just choose the option "private" wallet and paste your MetaMask address and type the word "MetaMask"

Hello Jack

My name is Ross and I'm the Community & Education Lead for Luno Malaysia.

VASP stands for = Virtual Asset Service Provider

A simpler way of putting this is = any platform that offers virtual assets (crypto)

Luno is a VASP, as are all other crypto exchanges too

There is a new rule we are required to follow called the Travel Rule.
This rule is already used in the banking industry we are just adapting to it for crypto too

If you'd like to read more about it just go to Google and type "The “Travel Rule” and what Luno is doing about it" and the first link that appears should lead you to our website with more info about it

(Sadly lowyat won't let me put the URL link here)

And if you have any other questions feel free to ask

Hello, this is currently untrue at the time of writing.

This may change in the future but for the time being Luno Malaysia does not currently freeze any users funds for the reasons you mentioned above.

However, we do strongly encourage all our users to declare the information required when receiving/sending crypto.
This is a requirement under the Travel Rule which is being instituted by our regulators.

Should anything change in the future, we will inform our customers and do join our Facebook group Luno Malaysia Community (Official)
as I post a lot of updates there, and you can ask questions too

Hi Ross, if I hold my coin in Luno for few years and withdraw 20k earning into bank, do I need to declare in income tax next year?

Ross is not tax advisor or tax agent. Haha

Hi Ross, thanks for your clarification.

Welcome here and where is MrLuno?

Can i transfer USDT to Luno, and cashout from there ?

OR should i convert USDT to BTC/others in other platform and transfer to Luno, then only able to cashout ?

This post has been edited by The.Lucas.DaY: Aug 25 2022, 10:01 AM

no such pair in Luno. Sell in binance P2P or buyer kvet here

I see. Thank you

Quite good, I guess. It is like the default for beginners since Binance is banned in Malaysia.

Trying to transfer my ETH to my Trezor wallet, now Luno asking alot during transfer but Trezor wallet is not even in the list that they have, means I cannot transfer to Trezor???

edit: sorry my bad, should select private address instead of another exchange or wallet

This post has been edited by GymBoi: Sep 16 2022, 08:46 PM

Just hantam je ....I always received multiple crypto from different clients but I always put the same wallet address I created from other platform

SOL is available to trade on Tokenizer. I still do not see it in LUNO?

Based on recent news Luno will add Cardano (ADA) on 21 September 2022 and Solana (SOL) on 6 October 2022.

Ohhh...that's good. How about BNB?

Why Luno wanna list Binance's native token in Luno?

Luno even ask if you have bank loan, car loan, personal loan or not when I want to sell my coin. What is that all about?