Coincards + Monero 🧡 - Adapting to Canada’s Regulatory Roadblocks 🚨
Over the last few days, Canadian regulators pressured exchanges like Kraken to drop XMR, and they bent the knee. This killed our ability, as a Canadian-based company, to easily convert XMR back to BTC/CAD/USD (and we still need to cover gift card costs).
With centralized exchanges no longer an option, we’re forced to use decentralized exchanges and other apps to liquidate XMR. These often come with fees, liquidity costs and regulatory hurdles/risks.
We hate adding costs — but we really have no choice.
That’s why Monero payments now include a small "Regulatory Liquidation Fee".
👉 Not profit, just pass-through costs
👉 May adjust with market conditions
👉 Without it, XMR wouldn’t be possible
This isn’t about profit — it’s about adapting to a regulatory environment that treats privacy like a crime.
We’ll keep making the adjustments needed so Monero users can continue paying with XMR on Coincards as long as legally possible. 🫡
We know fees suck — and we don’t want to charge them. If it feels too high, we strongly suggest using your favourite swap service to pay with Bitcoin or Lightning ⚡️ (Selecting Bitcoin as a payment method on our site also brings up Tracodor as an option to pay with alts).
Some of our competitors may avoid this fee simply because they aren’t under Canadian regulations, and we understand if you move towards them; unfortunately, for now, that’s outside our control.
#Monero #XMR
