CoinVoice has recently learned that according to Cryptoslate, the price of Monero has fallen by more than 5% in the past 24 hours to $144, affected by the latest news that Kraken announced that it would stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October.
Kraken said the move was due to regional regulatory changes and would stop all XMR market transactions and deposits on October 31. Users are required to withdraw their assets before December 31, 2024. Unwithdrawn Monero will be automatically converted to Bitcoin and distributed to users on January 6, 2025. [Original link]
