Kraken to delist Monero for clients registered in Europe
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 02 2024Kraken Delists Monero: Kraken will cease trading and deposits for Monero (XMR) in the European Economic Area on October 31 due to regulatory changes, with a deadline for withdrawals set for December 31.
Regulatory Scrutiny on Privacy Coins: The delisting reflects increasing scrutiny on privacy coins like Monero amid new anti-money laundering regulations, prompting several exchanges to halt support for such assets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
