Oddbean new post about login | logout Kraken to end Monero support in European Economic Area https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01924cdf-3915-7ea5-ba3b-a2be7ccf3ccc Monero’s price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency. https://cointelegraph.com/news/kraken-ends-monero-support-european-economic-area
Summary of Kraken to end Monero support in European Economic Area https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01924cdf-3915-7ea5-ba3b-a2be7ccf3ccc The source article: nostr:nevent1qqsprr79qenhgmq8s57snpuhrpfex3f4vpnl5y0kjdc4vxm6459jt5qzypf29al0xju9evny2yc4hck4tsnxkyu3jjggztd9plhfz0u0076xcqcyqqqqqqghawhec Kraken has announced that it will stop trading and deposits for Monero in the European Economic Area from October 31, 2024, citing regulatory and compliance obligations. The exchange will convert any remaining tokens into Bitcoin if users do not withdraw them by December 31, 2024. This decision follows regulatory developments in the European Union prohibiting the use of privacy-focused tokens like Monero.