Monero

Coin

Drops

United

would

<ul>
 <li>Affected customers no longer need to answer the withdrawn questionnaires.</li>
 <li>Source-of-funds checks remain part of the exchange’s compliance policies.</li>
 <li>XMR stays listed in supported markets, with existing regional restrictions.</li>
</ul>
Kraken has withdrawn questionnaires sent to customers who purchased and withdrew Monero, following criticism from co-CEO Arjun Sethi. In an<a href="https://x.com/arjunsethi/status/2113816578441810104" rel="noopener noreferrer nofollow"> October 23 statement</a>, he said affected clients no longer needed to submit information. The exchange will stop asking about intended uses of withdrawn coins, while retaining source-of-funds checks and keeping XMR listed where regional rules permit.
<h2 class="wp-block-heading" id="kraken-reverses-requests-after-monero-customer-reviews">Kraken reverses requests after Monero customer reviews</h2>
Sethi said the emails asked clients about their employer, the origin of their money and their plans for the tokens. These customers had bought XMR using their own funds before withdrawing it.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="892" height="873" src="https://coincryptonewz.com/wp-content/uploads/2026/10/image-22.png" alt="image 22" title="Kraken Drops Monero Withdrawal Questions and Keeps XMR Listed 4">
 </figure>
</div>
He attributed the inquiries to someone treating a young customer with substantial funds as suspicious. Sethi rejected that reasoning and said no rule required the requests in question.
Kraken has told the affected clients that nothing further is required from them. Sethi did not disclose how many customers received the emails or identify their jurisdictions.
He also reaffirmed that Monero would remain available to buy and withdraw in supported markets. The privacy-focused cryptocurrency is designed to conceal transaction details on its blockchain.
The reversal draws a distinction between checking how customers obtained money and questioning their subsequent spending choices. It does not establish that all account reviews or compliance information requests have ended.
<h2 class="wp-block-heading" id="kraken-retains-funding-checks-and-regional-xmr-restrictions">Kraken retains funding checks and regional XMR restrictions</h2>
The exchange’s<a href="https://support.kraken.com/articles/source-of-wealth-or-source-of-funds-documents?utm_source=chatgpt.com" rel="noopener noreferrer nofollow"> source-of-funds policy</a> says customers may need to document where money for a particular transaction originated. Source-of-wealth reviews separately examine how someone accumulated their overall assets.
Acceptable evidence can include salary records, investment statements or inheritance documents, depending on the circumstances. The policy links these checks to anti-money-laundering obligations and says a request does not itself imply wrongdoing.
Kraken therefore continues to distinguish legitimate funding verification from the withdrawn intended-use questions. Affected recipients have been released from those specific requests, rather than from every possible future review.
Sethi’s listing commitment also does not remove geographic limits. Published<a href="https://support.kraken.com/articles/where-is-kraken-licensed-or-regulated?utm_source=chatgpt.com" rel="noopener noreferrer nofollow"> regional rules</a> prohibit XMR deposits and trading for clients in the European Economic Area and United Kingdom.
Clients in Canada and Australia face broader restrictions. They cannot deposit, hold or trade XMR on the platform.
<pre class="wp-block-preformatted">Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.</pre>
&lt;p&gt;The post <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com/kraken-drops-monero-withdrawal-questions-and-keeps-xmr-listed/">Kraken Drops Monero Withdrawal Questions and Keeps XMR Listed</a> first appeared on <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com">Coin Crypto Newz</a>.&lt;/p&gt;

Kraken Drops Monero Withdrawal Questions and Keeps XMR Listed

Table of Contents

CoinCryptoNewz

Other articles published on Oct 24, 2026

Join our free newsletter for daily crypto updates!