EToro Reaches $1.5M SEC Settlement, Agrees to Stop Trading Most Cryptocurrencies

Trading platform eToro agreed to pay $1.5 million to settle charges that it operated an unregistered broker, an unregistered clearing agency and facilitated trading certain crypto assets as securities, the U.S. Securities and Exchange Commission said in a statement on Thursday. The company "has agreed to cease and desist from violating the applicable federal securities laws and will make only a limited set of crypto assets available for trading," the statement said. Going forward the only crypto assets available for U.S. customers to trade on the company’s platform will be bitcoin (BTC), bitcoin cash (BCH) and ether (ETH), the SEC statement said.

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