The U.S. Securities and Exchange Commission has announced a settlement with eToro USA LLC over unregistered crypto trading activities. Here’s a quick rundown: ?? $1.5 Million Penalty: eToro will pay a substantial fine and limit its crypto offerings for U.S. users. ?? Trading Restrictions: U.S. customers can now trade only Bitcoin, Bitcoin Cash, and Ether. ?? 180-Day Liquidation: Customers will have 180 days to sell off other crypto assets. ?? Regulatory Compliance: eToro has agreed to adhere to SEC regulations to improve investor protection. Gurbir Grewal from the SEC emphasized that this settlement not only ensures better regulatory compliance but also sets a precedent for other crypto intermediaries. Stay updated on how this development might impact crypto investments! ???? #CryptoNews #eToro #SEC #CryptoRegulation
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Important Update for Crypto Enthusiasts: eToro has announced significant trading restrictions in the U.S. following a $1.5 million settlement with the SEC. Starting immediately, only Bitcoin, Bitcoin Cash, and Ether will be available for trading to comply with U.S. securities laws. This development poses questions about the future of crypto regulations and what it means for traders in the U.S. How do you think this will impact the global crypto landscape? Let's discuss! ???? https://lnkd.in/gR4TNxu7 #CryptoRegulation #eToro #FinanceNews
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?? eToro's Settlement with the SEC: A New Chapter in Crypto Trading eToro, a leading trading platform, will pay $1.5M to settle charges with the U.S. Securities and Exchange Commission (SEC) for operating as an unregistered broker and clearing agency. The SEC also flagged eToro for offering certain crypto assets as securities without proper registration. ??Cease and Desist: As part of the settlement, eToro must cease violating federal securities laws. Consequently, its U.S. customers will only be able to trade a limited range of crypto assets. ?? Limited Access: Post-settlement, trading options will be restricted to: - ?? Bitcoin (BTC) - ?? Bitcoin Cash (BCH) - ?? Ether (ETH) The SEC discovered that since 2020, eToro had facilitated trading of crypto assets deemed securities without adhering to registration requirements. This marks a significant pivot for eToro’s operations in the United States. What are your thoughts on this legal outcome? How will this affect the broader crypto market? Share your views! #Crypto #CryptoRegulation #eToro #SEC #BTC #BCH #ETH #Blockchain Read More:
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Amplify your #Bitcoin with Repeat Buys on Uphold! ?? 3% back with a card ?? 1% back via other payment methods ?? Start with $100 ?? Earn up to $1000 in #BTC monthly ? Make every purchase count ?? https://lnkd.in/dyMstdC8 Read about it on our blog: https://lnkd.in/dSHQ2Aap __ Don’t invest in crypto unless you're prepared to lose all the money you invest. These are high-risk investments and you should not expect to be protected if something goes wrong. Crypto assets are unregulated, highly volatile, and subject to significant risks, which may not be suitable for you. Not available in UK. Not available in all jurisdictions.
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?? Big Update: eToro USA has agreed to a $1.5M settlement with the SEC and will limit U.S. users to trading just Bitcoin (#BTC), Bitcoin Cash (#BCH), and Ether (#ETH) after facing charges of acting as an unregistered broker and clearing agency for crypto asset securities ??. eToro must cease trading the remaining crypto assets within 6 months. ?? ?? Key Detail: Interesting to see how the SEC has tacitly acknowledged that BTC, BCH and ETH are NOT considered securities. A key reason could be due to their #decentralized nature, which would keep them outside the scope of the #HoweyTest. ?? ??Howey Test: The Howey Test determines if an asset is a security under U.S. law. It has 4 key components: 1?? An investment of money ??; 2?? In a common enterprise ??; 3?? With a reasonable expectation of profits ?? ; 4?? Derived from the efforts of others ??. #CryptoRegulation #Bitcoin #Ethereum #BitcoinCash #CryptoCompliance #CryptoNews #Blockchain #CryptoLaw #Innovation #SEC #Finance https://lnkd.in/gzQZfREq
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???? German Government selling up to $155M #BTC German Government sent 2738.7 BTC to various exchanges and ?? market makers, including ?? Kraken, Cumberland. The transaction likely represents a deposit for institutional and over-the-counter (OTC) ?? services. and that address bc1qu. #bitcoin #avax #memecoin #kraken #finance #bitcoindump #cryptomarket #adscrypto #adscryptoio #cryptoservice
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Binance Fund Inflows for 2024 Are Almost 40% Higher Than the Next 10 Exchanges Combined ?? Read All : https://lnkd.in/efu2QqcR Main Takeaways: Binance, the biggest crypto exchange in the world, recorded $21.6 billion in user fund deposits in 2024, 36% more than the combined total... [...] #Binance #CryptoGrowth #BitcoinETF #InstitutionalInvestors #CryptoMilestone #Crypto #Exchanges #NBTC
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If you're Canadian and you trade Crypto, your exchange may severely limit the amount of Crypto youre allowed to buy, thanks to the Canadian Government who are trying to take total control of Digital Assets for your "protection", like they've done with the Internet, Telecom, Investments and other things. Remember, a key part of your Financial Resilience strategy lies in creating multiple, Distributed Assets and Income streams. Read more here - https://lnkd.in/e9TTtp6p Stay vigilant. Stay agile. #crypto #bitcoin #investing
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Binance CEO says users deposited over $21b to the exchange in 2024. Binance CEO Richard Teng announced that the crypto exchange saw a total of $21.6 billion in user fund deposits throughout 2024 alone, following a surge in Bitcoin and Tether deposit value across all exchanges. #Cryptonews
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