Kraken to Delist Monero in Ireland and Belgium
Kraken will remove Monero (XMR) from its platform for users in Ireland and Belgium by June 10.
The exchange announced that XMR trading and deposits will cease on May 10, urging users to close margin positions by then. Withdrawals of XMR will be halted on June 10, with remaining balances automatically converted to bitcoin.
This move by Kraken follows Binance’s delisting of Monero from its main platform in February and OKX’s removal of Monero, Zcash, and Dash in January.
The decision aligns with the EU’s Anti Money Laundering Regulation (AMLR), set to be finalized this month, which prohibits crypto-asset service providers from offering accounts for privacy coins.
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The regulation is expected to come into effect around summer 2027.
Monero’s value has remained stable, trading at around $132.60 over the past 24 hours, reflecting a slight decline of approximately 1%.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
