Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap for individuals

Kraken has withdrawn compliance requests it sent to customers who purchased and then withdrew Monero (XMR), after co-CEO Arjun Sethi acknowledged that the demands were unjustified. On Oct. 24, Sethi said those customers had received emails asking for information about their employers, the sources of their funds and how they intended to use the cryptocurrency. Kraken operates as a cryptocurrency exchange, and Monero is a cryptocurrency whose ticker is XMR.