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 customers whose accounts will close permanently on Sept. 1. As of Aug. 3, Luno had not publicly identified the affected regions or stated how many users received the notice. Luno crypto transfers ended on June 29 Luno began limiting the affected accounts on June 1. It disabled deposits, crypto purchases, incoming transfers, recurring purchases and pending orders. Customers could still sell assets, withdraw money to a bank and send crypto elsewhere until June 29. The transfer window has now closed. Users who missed it cannot preserve thei...