{"id":11414,"date":"2026-08-03T06:32:10","date_gmt":"2026-08-03T06:32:10","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=11414"},"modified":"2026-08-03T06:32:10","modified_gmt":"2026-08-03T06:32:10","slug":"luno-blocks-crypto-transfers-for-some-users-leaving-a-late-august-cash-out-deadline-before-monthly-fees-hit","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=11414","title":{"rendered":"Luno blocks crypto transfers for some users, leaving a late August cash-out deadline before monthly fees hit"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Crypto platform Luno has stopped customers covered by its regional-exit notice from sending their crypto to another wallet or exchange. With that option closed, their remaining standard route is to sell their holdings and withdraw the cash to a bank by Aug. 31 before Luno closes their accounts on Sept. 1.<\/p>\n<p>Restrictions began June 1, when Luno disabled deposits, crypto purchases and incoming crypto for affected customers. Selling, bank withdrawals and outgoing crypto transfers remained available until June 29. Customers who missed that send deadline can no longer preserve their holdings by moving them in kind. They must convert the assets to fiat to use Luno&#8217;s ordinary bank-withdrawal process.<\/p>\n<p>Luno has not publicly named the affected regions or disclosed how many customers received the notice. A separate country availability page currently lists Kenya, Nigeria, South Africa, Indonesia and Malaysia as supported, and a list of 33 \u2018unsupported countries,&#8217; leaving hundreds of unaddressed locales. The regional-exit guidance was created May 28 and updated July 29, without a public record showing which passages changed.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/09\/dcg-1024x538.jpg\" alt=\"Digital Currency Group subsidiary Luno to pause certain UK services, citing forthcoming regulations\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/09\/dcg-1024x538.jpg\" alt=\"Digital Currency Group subsidiary Luno to pause certain UK services, citing forthcoming regulations\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Digital Currency Group subsidiary Luno to pause certain UK services, citing forthcoming regulations<\/h3>\n<p>Looming regulations from the Financial Conduct Authority have sparked an industry-wide slowdown of crypto services in the United Kingdom.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Sep 12, 2023<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Mike Dalton<\/span><\/p>\n<\/div><\/div>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-551698\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-7c5a6f00-f902-4a7d-9c98-ae73968b61b6.png\" alt=\"Timeline of Luno regional-exit deadlines, post-closure recovery paths and escalating monthly fees\" width=\"720\" height=\"900\"\/><img decoding=\"async\" class=\"lazyload aligncenter wp-image-551698\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-7c5a6f00-f902-4a7d-9c98-ae73968b61b6.png\" alt=\"Timeline of Luno regional-exit deadlines, post-closure recovery paths and escalating monthly fees\" width=\"720\" height=\"900\"\/><\/p>\n<h2>Funds left behind face rising costs<\/h2>\n<p>Balances below the equivalent of $10 cannot be processed under Luno&#8217;s minimum withdrawal threshold. The company says it will retain those small balances after Sept. 1. Customers who leave more than $10 can seek a manual withdrawal after closure, but they must contact support and provide verified bank details or a recent bank statement. Luno says a completed manual withdrawal takes three to five business days.<\/p>\n<div id=\"cs-inline-newsletter-6a702d77b7689\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\">CryptoSlate Daily Brief<\/span><\/p>\n<h3 class=\"cs-inline-newsletter__title\">Daily signals, zero noise.<\/h3>\n<p class=\"cs-inline-newsletter__copy\">Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p> <span><i class=\"fa-regular fa-bolt\" aria-hidden=\"true\"\/> 5-minute digest<\/span> <span><i class=\"fa-regular fa-star\" aria-hidden=\"true\"\/> 100k+ readers<\/span><\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__privacy\">Free. No spam. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Manual withdrawals do not extend ordinary account access. Selling and standard bank withdrawals stop after Aug. 31, and wallet access ends the following day. Customers with less than $10 do not qualify for the manual process described in the notice, while those above the threshold must complete the additional verification steps.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitmart-locked-withdrawals-chained-crypto-safe-1024x576.jpg\" alt=\"BitMart\u2019s sudden shutdown triggers withdrawal delays and on-chain panic, echoing the ghosts of 2022\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitmart-locked-withdrawals-chained-crypto-safe-1024x576.jpg\" alt=\"BitMart\u2019s sudden shutdown triggers withdrawal delays and on-chain panic, echoing the ghosts of 2022\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">BitMart\u2019s sudden shutdown triggers withdrawal delays and on-chain panic, echoing the ghosts of 2022<\/h3>\n<p>The exchange\u2019s exit follows BitMEX\u2019s closure announcement and comes as users question how quickly they can retrieve assets.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jul 27, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n<p>Fees begin as the accounts close. The notice says remaining funds can face a $2 monthly inactivity fee starting in September. From December, an additional $50 monthly dormancy fee applies for continued storage, taking the stated charges to $52 a month while funds remain. Luno has not publicly confirmed whether the exact schedule varies among the unnamed affected jurisdictions.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitmex-august-september-deadline-board-1024x576.jpg\" alt=\"BitMEX shutdown gives traders 2 months to withdraw, but active positions face an earlier deadline\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitmex-august-september-deadline-board-1024x576.jpg\" alt=\"BitMEX shutdown gives traders 2 months to withdraw, but active positions face an earlier deadline\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">BitMEX shutdown gives traders 2 months to withdraw, but active positions face an earlier deadline<\/h3>\n<p>Reduce-only trading begins Aug. 26, with forced closes possible before exchange services end Sept. 23.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jul 23, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div><\/div>\n<p>Luno said it is withdrawing from the affected regions to focus on core markets across Africa and Southeast Asia. The company has not linked the decision to insolvency, a security breach or a specific regulatory order. Customers covered by the notice have already lost the option to leave with crypto, and the ordinary cash-out route closes Aug. 31.<\/p>\n<\/div>\n<p>Exchanges,Featured,regulationregulation#Luno #blocks #crypto #transfers #users #leaving #late #August #cashout #deadline #monthly #fees #hit1785738730<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto platform Luno has stopped customers covered by its regional-exit notice from sending their crypto to another wallet or exchange. With that option closed, their remaining standard route is to sell their holdings and withdraw the cash to a bank by Aug. 31 before Luno closes their accounts on Sept. 1. Restrictions began June 1,<\/p>\n","protected":false},"author":1,"featured_media":11415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2627,411,5157,62,2194,2187,114,3032,531,5957,1969,389,5059,360],"class_list":["post-11414","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-august","tag-blocks","tag-cashout","tag-crypto","tag-deadline","tag-fees","tag-hit","tag-late","tag-leaving","tag-luno","tag-monthly","tag-regulation","tag-transfers","tag-users"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Luno blocks crypto transfers for some users, leaving a late August cash-out deadline before monthly fees hit - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Luno customers affected by its regional exit must cash out by Aug. 31 after outgoing crypto transfers ended June 29.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=11414\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luno blocks crypto transfers for some users, leaving a late August cash-out deadline before monthly fees hit\" \/>\n<meta property=\"og:description\" content=\"Luno customers affected by its regional exit must cash out by Aug. 31 after outgoing crypto transfers ended June 29.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=11414\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-03T06:32:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/luno-tokens.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11414\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=11414\",\"name\":\"Luno blocks crypto transfers for some users, leaving a late August cash-out deadline before monthly fees hit - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11414#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11414#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/luno-tokens.jpeg\",\"datePublished\":\"2026-08-03T06:32:10+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Luno customers affected by its regional exit must cash out by Aug. 31 after outgoing crypto transfers ended June 29.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11414#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=11414\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11414#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/luno-tokens.jpeg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/luno-tokens.jpeg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11414#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Luno blocks crypto transfers for some users, leaving a late August cash-out deadline before monthly fees hit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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