Kraken Withdraws Inquiry Into Monero Buyers’ Information
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AI-assisted source synthesis · not an independent investigation.
On October 24, 2026, Kraken Co-CEO Arjun Sethi acknowledged that asking customers who purchased and withdrew Monero (XMR) about their employers, source of funds, and plans for holding the asset was a mistake, and that the requests had been withdrawn. Sethi said that Kraken was not legally required to ask these questions. Kraken will continue to list XMR, but usage restrictions in different regions remain unchanged: users in the European Economic Area and the United Kingdom cannot deposit XMR; users in Canada and Australia cannot deposit, hold, or trade XMR.
AI-written from reports · updated 59 minutes ago
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- CryptopolitanKraken co-CEO admits it was wrong to ask Monero buyers for information
Kraken co-CEO Arjun Sethi admitted that asking customers who purchased and withdrew Monero (XMR) about their employer, source of funds, and plans for holding it was wrong. The requests have been withdrawn, and there was no legal requirement to ask these questions. Kraken will continue to list XMR, but users in the European Economic Area and the UK cannot deposit XMR, while users in Canada and Australia cannot deposit, hold, or trade it.
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