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Jesse Powell addresses reasons for Kraken dropping Monero in the U.K Jesse Powell addresses reasons for Kraken dropping Monero in the U.K

Jesse Powell addresses reasons for Kraken dropping Monero in the U.K

Kraken caves in to regulatory pressure and drops support for Monero, will this ultimately put an end to privacy tokens?

Jesse Powell addresses reasons for Kraken dropping Monero in the U.K

Cover art/illustration via CryptoSlate

Kraken CEO Jesse Powell took to Reddit this week to discuss the situation surrounding the dropping of Monero in the United Kingdom He implied it was a decision he didn’t want to take, but with one eye on the “broader business” in the U.K, it was something he was forced to do.

“Unfortunately, we have to pick our battles and look out for the broader business in the country.” Driven by Financial Action Task Force (FATF) directives, privacy tokens have become demonized over the past two years or so.

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