According to Arjun Sethi, Kraken has withdrawn its inquiry asking Monero (XMR) buyers about their employers, fund sources, and coin-holding purposes, reversing the policy as an error. Customers no longer need to provide such information. The exchange maintains source-of-funds verification and continues XMR trading. However, Kraken does not accept XMR deposits and restricts trading for users in the European Economic Area and UK, while barring deposits, holdings, and trading for Canadian and Australian users.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.