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Luno (bitx) Malaysian Bank Account Frozen Jan. 13. - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Luno (bitx) Malaysian Bank Account Frozen Jan. 13. (377 Views)

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Luno (bitx) Malaysian Bank Account Frozen Jan. 13. by Nobody: 9:13pm On Apr 08, 2018
How does this affect Luno Nigeria, I heard they got frozen on Stanbic Bank sometime ago as well. Do they have an office in Lagos/Abuja ?


This week the exchange and wallet provider Luno (formerly Bitx) announced it is having issues with the Malaysian tax authorities.

Created in 2013, the London-based business Luno has been providing bitcoin and ethereum to countries such as Nigeria, South Africa, Malaysia, Indonesia, the UK, and 35 other European regions.

Malaysia’s Inland Revenue Board (IRB) froze the firm’s Malaysian bank account on January 13, an account that was held under its local business name ‘Bitx Malaysia.’ Luno explains to the Edge Markets financial publication that the IRB is investigating a case that involves tax discrepancies.

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