“those requests are withdrawn and the clients have been told nothing is required of them,” he said. He did not disclose the number of recipients or their jurisdictions.
Sethi also said $XMR would remain listed and available to withdraw: “xmr stays listed. buy it here, take it home.” Monero is a privacy-focused cryptocurrency designed to obscure transaction information on its blockchain.
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Kraken’s public trading API showed its $XMR/USD market as “online,” while its status service marked Monero funding “operational” when checked late Friday ET.
That availability is subject to regional restrictions. Kraken’s published rules bar $XMR deposits and trading for clients in the European Economic Area and the UK, and deposits, holding and trading for clients in Canada and Australia.
Source-of-Funds Checks Remain
Sethi called the question “what will you do with your coins” unacceptable, while distinguishing it from checks on the origin of customers’ money.
“where your money came from is a fair question. what you do with it after it leaves is not,” he wrote.
Kraken’s standing source-of-funds policy says it may ask customers for documents showing how they built their wealth or where money for a particular transaction came from, citing anti-money-laundering requirements.
Its general information-request policy, updated Oct. 1, says checks can arise from routine reviews or account activity, including a transaction’s size or type. Under that policy, an unanswered request may lead to trading and deposits being paused, but withdrawals are not affected.
