Kraken reverses Monero withdrawal checks after backlash
- —Kraken asked XMR buyers to disclose employer and source of funds
- —Sethi said no rule justified the requests and blamed an employee's call
- —The question about post-withdrawal use of coins was removed
- —XMR remains listed on Kraken outside the EEA, which it exited in October 2024
Why it matters: The episode draws a line between mandatory KYC and privacy intrusion, a key issue for privacy coins and their exchange listings.
Source: Cryptoast