Kraken to forcibly liquidate seven assets for UAE users
- —Liquidations cover XMR, ZEC, DASH, USDD, DAI, USDS and USDe
- —Liquidation window: September 15 to 25, with no withdrawals since September 14
- —Trading and deposits for these assets closed on June 16
- —Kraken did not cite regulatory requirements or the settlement currency
Why it matters: The precedent of forced liquidation of privacy coins and stablecoins for an entire region poses a risk for holders of XMR and ZEC on CEXs.
Source: PANews