Riccardo Spagni: Most CEXs freeze Monero withdrawals for compliance

Riccardo Spagni: Most CEXs freeze Monero withdrawals for compliance
Exchanges freeze Monero withdrawals

Riccardo Spagni criticizes centralized exchanges (CEXs) for frequently treating Monero (XMR) users as guilty until proven innocent. He claims that many exchanges freeze withdrawals and flag accounts simply for interacting with XMR, citing compliance requirements that he describes as mostly 'compliance theatre.'

Spagni commends platforms such as Kraken for resisting these restrictive practices and supporting Monero users.

Spagni has previously commented on developments in cryptocurrency infrastructure. In a recent post, he expressed surprise at the Telegram wallet's support for assets beyond Tron. He also raised questions about the platform's backend technology.

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