$BTC : Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap fo
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The exchange withdrew demands for customers' employment details and spending plans after its CEO admitted the checks were not required by regulation.
Crypto exchange Kraken has withdrawn intrusive compliance demands sent to Monero customers after its co-CEO admitted the requests were unjustified. 24, Arjun Sethi said that customers who purchased and withdrew Monero (XMR) had received emails requesting information about their employers, sources of funds, and intended use of the cryptocurrency.
#Bitcoin #Regulation
Source - CryptoSlate
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The exchange withdrew demands for customers' employment details and spending plans after its CEO admitted the checks were not required by regulation.
Crypto exchange Kraken has withdrawn intrusive compliance demands sent to Monero customers after its co-CEO admitted the requests were unjustified. 24, Arjun Sethi said that customers who purchased and withdrew Monero (XMR) had received emails requesting information about their employers, sources of funds, and intended use of the cryptocurrency.
#Bitcoin #Regulation
Source - CryptoSlate
