Kraken delists Monero in the EU due to regulation concerns, price drops

From Cointelegraph
October 6, 2024 3:15:30 pm:

Kraken delists Monero in the European Economic Area to comply with EU regulations. Monero is a privacy-focused cryptocurrency known for its anonymity features. This move follows increasing regulatory scrutiny on privacy coins due to potential illicit use cases. Monero’s price dropped following the announcement, reflecting investor concerns over regulatory challenges. Kraken assures users that they can still withdraw their Monero holdings.

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