Did I miss some big de-listing news for Kraken and it's US based customers? (monero.town)

submitted 1 month ago by prancing389@monero.town to c/monero@monero.town

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I was doing some research on exchanges and found this on ChatGPT:

As of now, Monero (XMR) is not listed on any major US-compliant cryptocurrency exchanges. This is primarily due to regulatory concerns over its privacy features, which make it difficult for exchanges to comply with KYC and AML regulations.

Monero's focus on privacy and anonymity poses challenges for regulatory compliance, leading most US-based exchanges to avoid listing it. As a result, if you're looking to trade Monero and you are a US citizen, you will typically need to use international exchanges that may have fewer regulatory constraints but come with their own risks.

For reference, here are a few popular international exchanges where Monero is available, although they may not be fully compliant with US regulations:

Binance (Global, not Binance.US)
Kraken (Though Kraken is US-based, it has delisted Monero for US customers)
KuCoin
Huobi
Gate.io

Please be aware that using these exchanges may involve legal and financial risks, including the possibility of violating US regulations. It is always advisable to stay informed about the latest regulatory developments and to consider the legal implications of using non-compliant exchanges.

Did I miss something, or this another authoritarian bit of hopium that made its way into the language model?

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[-] shortwavesurfer@monero.town 2 points 1 month ago

Pretty sure this is one of those AI hallucinations because I have heard nothing about Kraken in the United States de-listing it. And as far as I'm aware, Binance Global no longer has it. At all.

[-] Jonycoo@fosstodon.org 2 points 1 month ago

@shortwavesurfer @prancing389
Thats only in Germany, they partner with some other company the Regional delisting is a result of this.
Now they also want my tax number..

[-] boldsuck@scribe.disroot.org 1 points 4 weeks ago* (last edited 4 weeks ago)

They first collect your TAX and other data. Then comes a 2nd verification with ID and video chat. I exchanged everything for XMR at Kraken Germany on June 5th and then closed my account. That would have been the 3rd or 4th verification with them. I'm fed up with handing over my ID and video images everywhere. The verification is done via 3rd party services and I'm afraid of AI deepfakes. Haveno, Bisq and soon Serai DEX is enough for me.