Etoro-SEC Settlement To Make Platform Stop Most Crypto Trading

9/20/2024 11:12:35 PM

(MENAFN- Investor Brand Network) Retail trading company eToro has
halted the majority of its crypto offerings
in the United States as part of a settlement with the U.S. Securities Exchange Commission. This decision comes after the SEC raised concerns over eToro's compliance with securities laws.

As part of the agreement, eToro will pay a $1.5 million penalty to address accusations that it acted as an unregistered broker and clearing agency for crypto transactions. The regulator accused eToro of allowing its U.S. users to trade digital assets, which the agency considers to be securities, without meeting the...

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