eToro Aims to Regulate Crypto Trading for U.S. Customers Following SEC Settlement
Thursday, 12 September 2024, 09:07
Understanding eToro's New Trading Restrictions
In a significant regulatory move, eToro has agreed to restrict crypto trading for its U.S. customers following a settlement with the SEC.
Details of the Settlement
- eToro has paid a settlement fee of $1.5M.
- The platform will now allow U.S. customers to trade only a limited selection of cryptocurrencies.
This adjustment enforces a more secure trading environment that adheres to guidelines set forth by the governing bodies.
Future of Crypto Trading
This decision reflects larger trends in cryptocurrency regulation and how platforms are adapting to ensure compliance. As the landscape evolves, traders must remain informed about the changes that affect their access to crypto assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.