Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: sirty143 on September 12, 2021, 08:19:15 AM

Title: South African Exchange Sets New Crypto Withdrawal Limits — Restrictions 'a Deter
Post by: sirty143 on September 12, 2021, 08:19:15 AM

(https://i.imgur.com/PUresPRm.jpg)

One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors... See more for yourself here (https://news.bitcoin.com/south-african-exchange-sets-new-crypto-withdrawal-limits-restrictions-a-deterrent-for-illicit-actors/).

Your opinion is greatly appreciated.

Title: Re: South African Exchange Sets New Crypto Withdrawal Limits — Restrictions 'a Deter
Post by: hair on October 08, 2021, 08:01:15 PM

I think the policy is indeed good enough to avoid criminal acts. but if it's really needed why restricting withdrawals it to people who don't do KYC?