Kraken, a leading cryptocurrency exchange, has announced its decision to delist Monero (XMR), a privacy-focused cryptocurrency, for users in Ireland and Belgium due to EU regulations against privacy-focused tokens. Trading and deposits of Monero will cease on May 10, with a complete delisting scheduled for June 10. Following the delisting, any remaining Monero balances will be converted to Bitcoin (BTC). The decision has sparked reactions among the cryptocurrency community, with concerns over the implications for privacy and the principles of the exchange.