If you buy low which is below 50k, you can still make money. Looks at Luno price now 68.6k vs market price from Remitano of 51.6k. Those buying from Luno at 70k or above if transfer out will loss 18.4k instantly. That is why Luno customers prefer to wait and hope the withdrawal issue solve. That is why Luno purposely control the price very high to prevent people from leaving.

We’re getting in touch as within the next few weeks, you’ll notice some changes to the way you send and receive cryptocurrency at Luno. You will receive another email to confirm when this change becomes effective.

Here’s what you need to know:

What’s changed?

1. When you send crypto, you’ll need to confirm where you are sending it. This will include the name of the Virtual Asset Service Provider (VASP), (otherwise known as the cryptocurrency platform) or private wallet service that you’re sending it to, as well as the name of the recipient. For help on filling out this information, check out our Help Centre article.

2. When you receive crypto, you’ll need to confirm where the funds came from. If you need help, read this article.

If you send cryptocurrency to someone at another VASP, Luno will share certain information about you with that VASP. We do so securely using our chosen Travel Rule solution, Notabene.

Why’s it changing?

This change is being made because Securities Commission Malaysia (SC) has joined a growing number of regulators around the world to introduce the “Travel Rule” to the Malaysian regulatory framework for Digital Asset Exchanges. As a regulated Digital Asset Exchange in Malaysia, Luno is required to implement the “Travel Rule.” For more in-depth information, please read our blog.

This change is not yet live. You don’t need to take any action at this time – you will only be required to act when you go to send or receive crypto.

You’re in safe hands,