🚨 **Crypto News Flash!** 🚨

- Kraken to bid adieu to Monero (XMR) in the European Economic Area (EEA) by Oct. 31, 2024.

- Trading pairs with USD, EUR, BTC, and USDT will be affected.

- Users have until Dec. 31 to withdraw XMR, or they’ll be converted to BTC by Jan. 6, 2025.

- Regulatory hurdles cited as the main reason.

**Regulatory Ripple Effect:**

- EU bans privacy tokens for crypto asset service providers.

- Similar bans in Japan, South Korea, Australia, and Dubai.

**Market Moves:**

- XMR price drops 8% post-announcement, from $154 to $141.

- Overall crypto market cap down by 6.3%.

Stay tuned for more updates! 🚀