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Within the next six months, the United States arm of the financial services company, eToro, would cease trading almost all crypto assets on its platform due to a new order from the Securities and Exchange Commission .from the SEC, eToro has violated federal securities laws since at least 2020. As a result, the exchange would pay a fine of $1.5 million and make a limited set of cryptocurrencies available for trading.
Following the SEC’s order, eToro’s customers have only 180 days to sell other assets that are to be eliminated from the platform, or the exchange will liquidate the cryptocurrencies and return the proceeds to users. The SEC said the online trading platform neither admitted nor denied the allegations but just agreed with the settlement.
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