AML or any other verification should be ok, if you need a bridge from a DEFI to CEX and as long as not involved in any dodgy transactions. i think normal users won't worry too much about it.
This is ensuring compliance on LUNO part - as all other businesses that require license to operate in any jurisdiction, however my confidence actually grew with development on Luno, also access to exchange charts to trading view is so much better, a stark improvement if compared to chart in the earlier days.

The main concern to every crypto investors is the security (this doesn't apply only to LUNO platform), in times of crisis (of course not something i hope to see or happen - but in view of a worst case scenario), Example of hacks, breach, etc. - taking example of binance (return of investor fund from the security breach suffered) all these increases investor confidence and so.
However the platforms (both binance and Luno) has had it's share of running with the authorities and effect by other collapse in the crypto verse.

Besides all the worries, by far, LUNO seems resilient and have had continuous improvement in addition to many selection of cryptos. Actually one thing i wish they don't do is exemplary of other exchange that would list and load out on any shit coin onto their platform - by far Luno has only listed few of the to 10s.

So hopefully they'll keep improving and be safe.

This post has been edited by plastiCube: May 15 2024, 01:56 PM