Kraken Will Stop Trading In Monero Cryptocurrency In The Uk

Kraken Will Close Access To Monero (Xmr) Cryptocurrency For Uk Customers. This Is Stated In A Letter From The Exchange Published By Several Users.

“On November 26, All Monero Trading On Kraken In The Uk Will Be Halted. This Applies To The Instant Buy / Sell Service, As Well As Trades In The Xmr / Btc, Xmr / Usd And Xmr / Eur Order Books. “

According To Coinmarketcap, The Xmr / Usd Trading Pair On Kraken Is The Third Largest In Terms Of Daily Turnover, Behind The Two Pairs On Binance.

This Is Not The First Time Monero And Other Similar Cryptocurrencies Have Come Under Restrictions Due To Increased Anonymity. Coinbase Refused To List Xmr, Citing Regulatory Reasons, And Bittrex Removed It From Its Platform Along With Zcash (Zec) And Dash (Dash).

At The Same Time, Cryptocurrency Supporters Note That Kraken’s Decision To Delist Monero Confirms The Functionality Of The Anonymization Tools Used. Earlier, Europol Analyst Jarek Jakubcek Said That Investigating Crimes Involving Monero Is Problematic:

“Since The Suspect Used A Combination Of Tor And Monero, We Could Not Trace The Movement Of Funds. We Were Unable To Trace The Ip Addresses. In Other Words, We Are At A Dead End. Everything That Happened In The Bitcoin Blockchain Was Available For Viewing, Which Is Why We Went Far Enough. But With The Monero Blockchain, We Have Reached The Point Where The Investigation Has Ended. This Is A Classic Example Of One Of Many Cases Where A Suspect Decided To Withdraw Money From Bitcoin Or Ethereum To Monero. “

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