Is LUNO legal?

Luno has been acknowledged by the Securities Commission of Malaysia as a legitimate cryptocurrency trading platform. This recognition ensures that users can trade with peace of mind, knowing that they are engaging in a legal and regulated environment.

Starting your journey in the cryptocurrency market with Luno is incredibly accessible. With a minimum investment of just RM1, you can begin exploring the vast potential of digital currencies. This low barrier to entry makes it easier for individuals to dip their toes into the world of crypto.

As a regulated platform, Luno adheres to strict guidelines set by the Securities Commission of Malaysia. This ensures that all transactions are transparent and secure, providing users with a SAFE haven in the volatile world of cryptocurrency trading.

In addition to its regulatory compliance, Luno is also proactive in its fight against illegal activities. The platform actively reports to Bank Negara Malaysia on anti-money laundering and terrorist fund-raising efforts, as outlined in Chapter 6. This demonstrates Luno's commitment to maintaining a clean and ethical trading environment.

BTCC is another top cryptocurrency exchange that offers a comprehensive range of services. From spot trading to futures contracts and digital wallets, BTCC caters to the needs of a diverse range of traders. Its robust platform and advanced features make it a popular choice among crypto enthusiasts.