Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap for individuals
Crypto exchange Kraken has withdrawn intrusive compliance demands sent to Monero customers after its co-CEO admitted the requests were unjustified. On Oct. 24, Arjun Sethi said that customers who purchased and withdrew Monero (XMR) had…
VOID Report: Kraken Backs Down on Monero Withdrawal Queries
Kraken, a cryptocurrency exchange, has dropped its requests for information on Monero spending from its customers. This decision comes after the company's co-CEO acknowledged that the demands were not justified. The move was announced on October 24.
The change in stance by Kraken suggests a shift in its approach to Monero transactions. The reasons behind the initial requests and the subsequent reversal have not been fully explained by the company.
It is not clear what prompted Kraken to initially make these demands or how this decision affects its customers. The impact of this change on Kraken's operations and its users' experience also remains to be seen.
Written with AI by Noticiero VOID from facts reported by CryptoSlate. How we do it ·