Etoro hires crypto trading after second comparison

• etoro agreed to stop most of his crypto trade activities after an agreement with the SEC.
• The company must pay a fine of $ 1.5 million and all coins apart from Bitcoin, Ethereum and Bitcoin Cash.

etoro will hire the majority of its crypto trade activities after agreement of the company.

a SEK press release on September 11 said that Etoro US Clearing agency agreed. The trading platform will pay $ 1.5 million as a comparison and from further violations of federal laws in connection with the offer not registered securities.

etoro will now only offer a limited number of cryptocurrencies on its platform, the SEC wrote in the announcement.

"By removing token that are offered as investment contracts, its platform has decided to comply with the regulations and act within our established regulatory framework. This solution not only improves investor protection, but also offers a way for other crypto brokers," said Gurbir S. Grewal, director of the division of enforcement at Sec.

etoro only lists three crypto-assets to

The agreement was reached after Etoro announced changes to its crypto offer. In the future, US customers will be offered Bitcoin, Ethereum and Bitcoin Cash as crypto-assets. US customers who hold other crypto-assets at Etoro have 180 days from the date of the arrangement of the SEC to withdraw their assets.

etoro will liquidate all cryptocurrencies that have not been transferred within a week after this period has expired and return the proceeds to customers.