eToro Will Only Offer Bitcoin, Ethereum, and Bitcoin Cash in US After Settling SEC Charges
The SEC announced that eToro has settled securities charges, and will pay a penalty alongside curtailing offered crypto assets in the U.S.
Financial trading platform eToro has settled charges from the U.S. Securities and Exchange Commission, the regulator announced Thursday, with the firm agreeing to pay a penalty and stop offering all but three crypto assets for trade in the United States.
According to the SEC announcement, eToro will only offer Bitcoin, Ethereum, and Bitcoin Cash trading going forward to U.S. customers. The regulator said that eToro settled charges related to operating "an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying and selling certain crypto assets as securities."
The platform will offer U.S. customers 180 days to sell other crypto assets before restricting trading access. eToro will pay a $1.5 million penalty in relation to the settled charges.
Editor's note: This story is breaking and will be updated with additional details.
Related News
- Gameloft Reveals 'Claynosaurz' Mobile Game Based on Solana NFTs
- Robinhood Is Well Positioned as Investors Increasingly Prefer Crypto, Says Bernstein
- Bitcoin Climbs Above $58,000, But Experts Say Bullish Sentiment Is Waning
- Coinbase Launches Wrapped Bitcoin Token Following BitGo WBTC Controversy
- As ‘Banana’ Telegram Game Rises, CARV Reveals $50 Million Accelerator
- CryptoPunks NFT Worth $1.5 Million Just Sold for $23,000—Here's How
- Bitcoin Miners Are Still Buying New Hardware Despite Headwinds—Here’s Why
- Fewer Women Own Crypto Than Men, But They HODL Just as Well: Report
- Aave Considers Coinbase's cbBTC Wrapped Bitcoin, Sparking Decentralization Debate
- UK Introduces Bill to Classify Crypto Assets Like Bitcoin and NFTs as Personal Property
© 2024 DeFi.io