Tax authorities freezes Luno local accounts

Tax authorities freezes Luno local accounts

The local accounts of Luno, a cryptocurrency exchange in London were frozen by the tax authorities of Inland Revenue Board (IRB) in Malaysia as part of their investigation. The Luno exchange informed its clients, “we are working closely with our banks and the IRB to come to a swift conclusion with regard to this investigation.” However, the users can transact using MYR local currency balance.

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