Hello,

I know it's frustrating

But I often share this story with people to help them see a bigger picture

There is 1 thing that's so important that the SC does for the crypto industry = Investor Safety

If you go online you can Google a company called QuadrigaCX
- It was recently part of a chilling Netflix documentary called Trust No One: Hunt for the Crypto King
- TLDR: A guy in Canada started up a crypto exchange with NO license or regulation from regulators
- People invested tons of money and one day the guy disappeared and USD 169 Million was lost

IF there was proper regulation in place, that should not have happened.

Thanks to the SC in Malaysia, they make sure Luno is safe.
They make sure we operate properly, are audited, they even STRESS TEST our system
To make sure that ALL MALAYSIANS can invest safely on our platform.

Regulations can create friction, but the safety they provide for the mass market to enter crypto far outweighs the costs.

Also, if you think about it, all crypto transactions are already trackable on the blockchain
And I can reassure you that all information about your crypto sends/receives are kept privately on Luno

We fiercely protect our customer's private data

I think the current implementation is very very bad. What you are saying is in a way sugarcoating it.
It's so ridiculous that even receiving have to got the sender exchange information. I think this is to track where user are getting the crypto and then LHDN will knock on the door.

Question if what if we don't fill in the receving information. Do we still able to receive completely and cash out? Or it will be stuck?

Luno is bad ? Malaysia can access binance right ? So coinbase is safe or not ?

Then why I cannot access Binance ? I think its ban in Malaysia last I heard....still cannot access it

thanks

Any suggestion on platform for trading crypto, with low transaction fees and high safety?

hi i received a notification from luno to give them more documents such as payslip, bank statements, picture with mykad etc. is it just me or does this happened to everyone too? if no response within 7 days they will suspend my account...

can't log in today, anyone else experience the same?

Managed to sign in using app. Before I was using web.

I couldn't log in using the website as well. Tried the app and I did manage to log in but there was a glitch when I tried to top up my wallet.

I have been having issues with Luno since last week, couldn't deposit any funds.

Anyone know if Luno will stay in business or what? I'm worried about my funds in there.

every incoming crypto to luno need to provide info now

good and rather safe place to start out

All regulated exchanges track transactions. Why do you think CZ from Binance got charged for? The response was for the question on where to start and Luno is about the safest anyone can start in Malaysia.

That is only if you are doing any form of crypto transfers. If the person is interested to start purchasing crypto from LUNO and trading it as BTC/MYR pairs, there will be no questions asked by LUNO.

Luno always #1, still can't find others as good as luno

then who is #1 now?

If you transfer crypto from other platform like houbi, Binance or cold wallet to Luno to cash out, will you need to proof the source of income to Luno how you acquired the coins? Will this process flagged LHDN? Many ppl still using houbi or Binance to trade crypto. What’s the best option to cash out?

if use P2P means have to standby(wait for buyer) and sell USTS ?

if use P2P means have to standby(wait for buyer) and sell USTS ?