Update
Kraken Reverses Monero Withdrawal Questionnaires
Kraken, a cryptocurrency exchange, has withdrawn questionnaires asking Monero (XMR) customers how they intended to use their cryptocurrency after receiving privacy backlash. The exchange acknowledged that the requests were inappropriate and not required by regulation, following complaints about emails seeking employment details, proof of funds, and customers' plans for their coins. While Kraken will continue to check the origin of deposited funds, the incident raises questions about where cryptocurrency compliance obligations end and financial privacy begins.