They (Kraken) did this in the UK too.
Hard as it is for some to admit, it's become clear that the system is most afraid of privacy-based blockchains.
Discussion
Down with big brother. Down with big brother. Down with big brother.
100%
south korea also banned litecoin, just because of mweb. any exchange that bans monero will eventually refuse bitcoin deposits that appear to have originated from a privacy appliance
Or ANYTHING that cannot be fully and completely traced.
Which Bitcoin enables.
Which is why the legacy system embraced it.
More money in taxes, a way out of the debt spiral perhaps, and the cherry on top.. even less privacy than legacy bank accounts.