As the Chang hard fork approaches, Input Output Hong Kong (IOHK), the development arm behind Cardano, has rolled out a… The post IOHK Announces Major Cardano Wallet Update as Chang Nears first appeared on The Crypto Basic .
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Etoro Settles SEC Charges: U.S. Customers Can Now Trade Bitcoin, Bitcoin Cash, and Ether Only
The SEC has taken action against Etoro USA LLC, imposing a financial settlement due to regulatory infractions. The decision underscores the importance of compliance within the burgeoning cryptocurrency sector. The Crypto Basic
eToro to limit crypto trading for U.S. customers after SEC settlement
Trading platform eToro agreed to pay $1.5M and restrict U.S. customers to trading only a select number of cryptocurrencies in order to settle allegations brought by the Securities and Exchange Commission that it operated as an unregistered broker and clearing agency, the regulator said on Thursday. The complaint alleged that eToro has been operating as an unregistered broker and clearing agency since at least 2020 by enabling U.S. customers to trade crypto assets as securities. Without admitting or denying the allegations, eToro entered into a cease-and-desist order. Going forward, the only crypto assets that U.S. customers can trade on the platform will be bitcoin ( BTC-USD ), bitcoin cash ( BCH-USD ) and ether ( ETH-USD ). eToro will allow its customers to sell all other crypto assets for only 180 days after the issuance of the SEC`s order. More on the SEC and Crypto SEC sues two brothers for alleged $60M crypto Ponzi scheme Trump says he`ll fire SEC`s Gensler, pick crypto lovers for roles SEC sues Plutus Lending over Abra Earn crypto lending product The Crypto Basic