Blockchain

Kraken Scraps Monero Withdrawal Questionnaires, Keeps XMR Listed

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 24/10/2026, 02:27:25 UTC.

Briefings

Kraken, a major cryptocurrency exchange, announced it will stop requesting client identity verification for Monero (XMR) withdrawals. This decision follows a previous inquiry where the exchange asked users to provide proof of funds before processing transactions. Arjun Sethi, co-CEO of Kraken, stated that asking clients to disclose how they intend to use their withdrawn coins is unacceptable. The exchange has kept Monero listed on its platform, allowing users to continue withdrawing without the new verification requirements.

Key points

• Kraken stopped requesting identity verification for Monero withdrawals, a change from previous policies.
• Arjun Sethi, co-CEO of Kraken, stated that asking clients to disclose withdrawal intentions is unacceptable.

Context

Kraken is a prominent cryptocurrency exchange that has faced scrutiny regarding its withdrawal policies for privacy-focused cryptocurrencies like Monero. This change addresses a specific user concern regarding transparency and client verification processes.

Limitations

The evidence is limited to a single statement from Arjun Sethi regarding client verification policies. No specific dates, numbers, or dates are provided for the policy change. The article does not specify the exact timeframe for the new policy or the number of affected users.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 24/10/2026, 02:28:32 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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