Kraken withdrew the intrusive questionnaires sent to its Monero customers after co-CEO Arjun Sethi acknowledged that no regulation required questions about how customers intended to use the cryptocurrency after withdrawal. The exchange nevertheless retains source-of-funds checks, which may include requests for bank statements, investment records, and other supporting documents. Under Kraken’s published policy, individual Monero withdrawals are capped at $1,500 over a rolling 30-day period, while corporate withdrawals are limited to $10,000 over the same period. Individual deposits are capped at $3,500 and corporate deposits at $30,000. The announcement does not restore Monero trading or deposits for clients in the European Economic Area, restrictions that ended in 2024 after Kraken cited regulatory changes.
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