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Luno blocks some crypto transfers before Aug. 31 deadline

Luno blocks some crypto transfers before Aug. 31 deadline

Luno customers covered by the exchange’s regional-exit notice can no longer send cryptocurrency to another wallet or platform. 

Summary

  • June 29 marked the final date affected Luno users could transfer crypto to external wallets.
  • August 31 is the final standard bank withdrawal deadline before affected accounts close September 1.
  • $52 in combined monthly fees may apply from December to balances remaining after account closure.
  • Luno has not publicly identified the affected regions or disclosed how many customers received notices.

They must sell their holdings before withdrawing cash to a bank by Aug. 31.

The restrictions apply to an undisclosed group of…

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