Kraken's compliance policy, amended on October 1, 2026, allows the exchange to restrict deposits or trading for non-compliant accounts, though withdrawals remain unaffected

Overview Debates Related claims Topics Sources

The Internal Revenue Service's current voluntary disclosure program primarily targets taxpayers whose willful failure to comply with tax laws exposes them to potential criminal prosecution

Section 502 of the proposed Digital Asset Tax Certainty Act would establish a statutory voluntary disclosure program tailored for crypto taxpayers who made unintentional reporting errors

The Internal Revenue Service aims to resolve tax disclosure cases within 120 days after taxpayers submit the required completion documents under the IRS's revamped voluntary disclosure program

Internal Revenue Service Criminal Investigation Chief Jarod Koopman announced plans to introduce a revised version of the IRS's voluntary disclosure program covering digital assets before December 2026

The United States House Ways and Means Committee approved the Digital Asset Tax Certainty Act in September 2026

The Internal Revenue Service decided to handle digital asset disclosures through its general voluntary disclosure program rather than creating a separate channel for cryptocurrency

The intrusive Monero compliance emails sent by Kraken were triggered after a Kraken employee flagged a young client holding substantial wealth as a red-flag risk

Kraken co-CEO Arjun Sethi announced on October 24, 2026, that Kraken withdrew intrusive compliance questionnaires sent to Monero (XMR) buyers asking about their employers, sources of funds, and intended coin use

Kraken discontinued Monero trading and deposits for clients in the European Economic Area and the United Kingdom, citing regulatory changes

Arjun Sethi rejected an internal Kraken assessment that a customer's young age and large financial position constitute an automatic red flag

Arjun Sethi confirmed that Monero remains listed on Kraken, writing that customers can buy Monero on the exchange and withdraw it to private wallets

Arjun Sethi stated that no regulation required Kraken to request information about how customers intend to use Monero after withdrawing it from the exchange, calling such inquiries unacceptable

Kraken maintains its policy of requiring bank statements and investment records to verify the origin of customer funds under anti-money-laundering obligations

Users residing in Canada and Australia are prohibited from depositing, holding, or trading Monero on Kraken

Kraken co-CEO Arjun Sethi did not address Kraken's $1,500 rolling 30-day Monero transaction caps when announcing the withdrawal of Kraken's Monero compliance questionnaires

Under Kraken's transaction rules introduced on August 15, 2026, Kraken limits Monero deposits and withdrawals over a rolling 30-day period to $3,500 and $1,500 for individual accounts, and $30,000 and $10,000 for corporate accounts

CoinDCX experienced operational losses on October 22, 2026, after a routine process to sweep crypto deposits landing on wallet addresses deprecated following CoinDCX's July 2025 hack failed

On-chain investigator ZachXBT alleged on October 22, 2026, that a CoinDCX-linked address TQKJQ swept user deposits into CoinDCX active hot wallet in April and May 2026, leaving $15.8 million unaccounted for

CoinDCX co-founder Sumit Gupta stated on October 22, 2026, that flagged wallet addresses, including TQKJQ, dated to January 2025 and were compromised during CoinDCX's July 2025 hack, characterizing reports of a new breach involving TQKJQ as a false alarm

Hackers drained approximately $44 million from an internal CoinDCX account in July 2025, prompting the Indian crypto exchange to deprecate compromised wallet addresses and warn users against depositing to them