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22.09 - 11:25
eToro to cease most crypto offerings after SEC settlement
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The Securities and Exchange Commission has reached a settlement with eToro. eToro was charged with operating as an unregistered broker in connection with its crypto trading platform.
As part of the settlement, eToro will end most of its crypto trading activity on the platform, according to the Thursday announcement from the SEC.
Earlier this week, eToro announced that it would alter its crypto offerings “due to the regulatory environment.” US users can only trade bitcoin, bitcoin cash and ether.
Other positions will be liquidated in mid-March of next year. “Proceeds from these liquidations will be transferred to users’ available cash balance in their investment accounts,” the company added.
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22.09 / 11:25
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