Kraken Apologizes and Withdraws Intrusive Monero Withdrawal Questions
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Cryptocurrency News | Cryptocurrency Prices | Market CapKraken Withdraws Monero Inquiry Emails After Co-CEO Criticism, Keeps XMR Listed
Kraken has withdrawn emails asking Monero customers about their employment, source of funds, and intended use of withdrawn coins. Co-CEO Arjun Sethi criticized the requests, confirming affected users need not respond. Monero remains listed, although regional restrictions continue to limit access.
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Crypto exchange Kraken has withdrawn intrusive compliance demands sent to Monero customers after its co-CEO admitted the requests were unjustified.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 received emails requesting information about their employers, sources of funds, and intended use of the cryptocurrency. He acknowledged that no… Read the full story on CryptoSlateUnderstand the crypto stories that…
Kraken, one of the world's largest cryptocurrency exchanges, has backed down after emails were sent to users of the privacy-focused altcoin Monero (XMR) requesting personal financial information. Kraken co-CEO Arjun Sethi acknowledged that the requests were erroneous and announced that the practice has been terminated. According to Sethi's statement, Kraken sent emails to some users who had purchased Monero with their own funds and withdrawn it …
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