Our unique insights into law and business.

April 27, 2025
Raja Nadhil Aqran
Vishnu Vijandran
Luno Malaysia Sdn Bhd v Yew See Tak: A Legal Analysis of Duty of Care in Cryptocurrency Transactions
In Luno Malaysia Sdn Bhd v Yew See Tak, the Malaysian High Court ruled that cryptocurrency platform Luno did not owe a heightened duty of care to users whose accounts were compromised. The Court found that users are responsible for their own account security, and Luno’s obligations were limited to following standard security protocols. This decision clarifies that being a Recognised Market Operator does not impose fiduciary duties on cryptocurrency exchanges in Malaysia.