Kraken Admits to Improperly Questioning Monero Buyers
Kraken co-CEO Arjun Sethi acknowledged the exchange's mistake in asking Monero buyers about their employment and coin usage plans.
Kraken co-CEO Arjun Sethi acknowledged the exchange's mistake in asking Monero buyers about their employment and coin usage plans. Monero (XMR) is trading at ₹55,783 ($586.96). This is an original Token Times brief based on reporting by Cryptopolitan, with live market data added, as of Sat, 24 Oct 2026 07:45:01 UTC.
The incident highlights the delicate balance between regulatory compliance and user privacy in the cryptocurrency space, particularly for privacy-focused coins like Monero.
- Kraken admits to questioning Monero buyers without regulatory requirement.
- Monero remains listed on Kraken despite the incident.
- XMR price down 3.11% in 24 hours amid broader market decline.
- Kraken Withdraws Intrusive Monero Withdrawal Questions After Backlash
- Kraken Admits to Improperly Questioning Monero Buyers — this brief
Kraken co-CEO Arjun Sethi has admitted that the exchange made a mistake by questioning buyers of the privacy-focused cryptocurrency 
Monero about their employment and plans for the coin. According to Cryptopolitan, Sethi stated that these inquiries were not required by any regulatory rules.
The incident has raised concerns about the extent to which exchanges should go in their efforts to comply with regulations, particularly when it involves privacy-centric cryptocurrencies like Monero. Despite the incident, Monero remains listed on Kraken, indicating that the exchange does not intend to delist the coin.
The broader market context shows a decline in overall cryptocurrency values, with the total market cap at $2.77 trillion and 
Bitcoin down 1.10% in the last 24 hours. Monero itself has experienced a 3.11% drop in price over the same period, although it has seen a 4.76% increase over the past week.
The Fear & Greed Index currently stands at 51, indicating a neutral market sentiment. This suggests that while the market is not in a state of extreme fear or greed, the incident involving Kraken and Monero could influence investor perceptions of privacy coins and exchange practices.
Since this brief published about 1 hour ago, Monero (XMR) has moved from ₹55,814.93$587.30 to ₹55,782.62$586.96 — -0.06%.
The chart plots XMR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XMR ≈ ₹60,251.44 (about $586.96), down 3.7% over 24 hours. The rupee itself trades about 8.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Kraken Admits to Improperly Questioning Monero Buyers — questions & answers
Why did Kraken question Monero buyers?
Kraken co-CEO Arjun Sethi admitted the questioning was a mistake and not required by any regulatory rules.
Will Monero remain listed on Kraken?
Yes, despite the incident, Monero continues to be listed on the exchange.
How has the market reacted to the news?
Monero's price is down 3.11% in 24 hours, but the broader market is also experiencing a decline.
How much is 1 Monero worth in rupee today?
About ₹60,251.44 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $586.96. The rupee price moves with both XMR's US-dollar price and the USDT/INR rate; use our Monero in rupee page for any amount.
Has Monero's price moved since this brief was published?
XMR is down 0.06% since this brief first published — trading at ₹55,783 ($586.96) now versus ₹55,815 ($587.30) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.