Kraken ends Monero questionnaire but keeps strict deposit and withdrawal caps
Image: CryptoSlateKraken withdrew the employment and spending questionnaire sent to Monero customers after co‑CEO Arjun Sethi said the requests were not required by regulation. The exchange maintains a $3,500 deposit limit and a $1,500 withdrawal limit for XMR on a rolling 30‑day basis. Kraken continues to support XMR for U.S. users while EU and EEA clients remain barred.
Key points
- Kraken withdrew the intrusive Monero questionnaire after criticism.
- Co‑CEO Arjun Sethi said the requests were not required by regulation.
- Kraken still offers XMR trading for U.S. customers while EU and EEA users cannot trade it.
Why it matters
The changes clarify compliance expectations for Monero users and define how much XMR they can move, affecting trading and wallet strategies.
What's unclear
The impact of the questionnaire reversal on XMR price and trading volume remains uncertain.
How future EU regulations will affect Kraken's ability to support privacy coins after mid‑2027 is not yet known.
Price context · XMR
At publication
$604.30
Now
$608.62
Change since
+0.71%
7 days · dashed line = publication
Sources · 3 publishers
AMBCrypto
Tier 2
‘Unacceptable’ — Kraken apologizes, scraps Monero withdrawal questions
CryptoSlate
Tier 2
Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap for individuals
Coverage timeline
- First reported by The Defiant
- Also reported by AMBCrypto
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
ARKM
−9.1%
