![]() The platform remains committed to the crypto sector and aims to resume full support for these assets once regulatory uncertainties are clarified. ![]() It’s worth noting that eToro’s decision to halt purchases of ALGO, MANA, MATIC, and DASH should not be mistaken as a permanent withdrawal of support for these cryptocurrencies. The decision to halt XRP trading was prompted by concerns surrounding the legal status of the token as determined by the SEC. In December 2020, eToro delisted Ripple‘s XRP following the SEC’s lawsuit against Ripple Labs. This recent move by eToro is not the first time the platform has adjusted its offerings in response to regulatory challenges. eToro’s Previous Actions in Response to Regulatory Challenges The company recognizes the significance of collaboration between the crypto industry and regulatory bodies in promoting a secure and inclusive investment environment. By taking a cautious approach, the platform aims to ensure that ordinary investors can continue to access and trade digital assets in a legally compliant manner. The decision to temporarily halt the purchase of ALGO, MANA, MATIC, and DASH underscores eToro’s dedication to regulatory compliance. The platform emphasizes the importance of offering users access to various investment opportunities while working closely with regulators to shape the future of the crypto industry. eToro’s Commitment to Diversified Asset Classes and Collaboration with RegulatorsĮToro US reaffirms its commitment to supporting a diversified range of asset classes, including cryptocurrencies, stocks, ETFs, and options. The regulatory landscape surrounding cryptocurrencies is evolving rapidly, and eToro has decided to proactively address these developments. The decision follows similar actions taken by other platforms, with Robinhood recently halting support for MATIC and Cardano (ADA), two additional cryptocurrencies mentioned in the SEC lawsuits. eToro US states that while the assets have been delisted, users can still hold and sell them. The move aims to ensure compliance with regulatory standards and avoid potential non-compliance issues. In response to the SEC’s lawsuits labeling ALGO, MANA, MATIC, and DASH as securities, eToro has decided to temporarily halt purchases of these cryptocurrencies for its US customers. 4 Conclusion eToro Reacts to Regulatory Uncertainty, Halts Support for ALGO, MANA, MATIC, and DASH
0 Comments
Leave a Reply. |