Nothing to be worried if you are not receiving for illegal stuff.

dont use la.. use other channel

Whatmoney is?

In this case, I dont think the currency is the issue, but I would suggest bnb/xrp/matic and others that r having low gas fee if you r going to convert them to RM immediately ....and also for your case, if i were u, I wont use Luno, dont ask y.

no advice, make yr own decision. 

Need to fill up for every receipts.

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

Hi bro,

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

I can help to explain this new regulation.

We call this the "Foreign Exchange Notice"
- This is nothing new, it's something that BNM already has implemented in our banking system
- We are just following their regulation and adding it to Luno

Who is NOT AFFECTED by this regulation?

- Basically, if you do not have any loans = Not affected at all
- Also, if you are sending crypto from Luno to other local regulated exchanges = Not affected at all
- If you only have 1 house loan  = Not affected at all
- If you only have 1 car loan = Not affected at all
- If you have only 1 house & 1 car loan together = Not affected at all

Who IS AFFECTED by this regulation?

- If you have more than 1 house and car loan combined = Affected
- If you have 1 personal loan = Affected
- If you have 1 business loan = Affected

What happens if you are affected?

- Basically you will have a limit of RM 1 Million per year to send crypto from Luno to any other overseas exchange/Private wallet.
- If you hit the 1 Million per year limit you just need to apply for permission from BNM to transfer more (it can be done from the app)
- Most users still won't be affected by this because very few people transfer more than 1 Million per year unless you are a whale.

Hope this explains it a bit better

If you have any follow up questions just let me know
Happy to answer and clarify