Malaysian Tax Offcials freezes Luno Exchange Bank account

Since the inception of Bitcoin, people are riding on a wave of Blockchain technology trends which has paved the ways for regulations and restrictions by authoritative.

Tax investigation by Inland Revenue Board (IRB)
Luno bank account has been suspended by Inland Revenue Board (IRB), pending a tax investigation on its users. Also, a report from Edge Market states that the Luno bank account which has been held under the name of BitX Malaysia was not processing cash deposits or withdrawals during last weeks.

Read Detail info here: Malaysian Tax Offcials