Kraken to delist Monero, cites regulatory compliance issues in the UK
ambcrypto.comAt a time when speculative joke-coins like Shiba Inu and Floki Inu are being listed by top exchanges, others are being delisted for issues regarding security and compliance. The world’s eighth-largest cryptocurrency exchange Kraken has dropped top privacy coin, Monero. They cited regulatory compliance as the reason behind the delisting.
Reddit users shared an email from Kraken that stated their decision to no longer offer Monero’s XMR token to British customers. This was done in order to comply with regulations in the United Kingdom. Consequently, all XMR trading activities will be ceased by the exchange after 26 November. Along with that, deposits to XMR wallets will be disabled and any existing XMR margin positions will also be liquidated.
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