eToro Reaches Settlement with SEC, Offers Limited Cryptocurrency Trading
Publication Time:2024-09-12 21:12:08
In accordance with an order from the US Securities and Exchange Commission (SEC), since 2020, eToro has been offering the buying and selling of cryptoassets as securities through its online trading platform to US clients without complying with the registration requirements under federal securities laws. As part of this agreement, eToro has agreed to pay a $1.5 million fine and cease any violation of the law. As part of the settlement, eToro will only offer a limited range of cryptocurrency transactions, including Bitcoin, Bitcoin Cash, and Ethereum. For other cryptocurrencies, eToro will provide customers with a sell function within 180 days after the issuance of the SEC order. This settlement aims to ensure the maintenance of financial market order and compliance, while also providing eToro with the possibility to continue offering some cryptocurrency trading in the US market.
SEC
Cryptocurrency
eToro
settlement
transaction limitations