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BREAKING: Etoro Gets Sued by Grandma, Fined $1.5M for Not Doing What They Were Already Told to Do With Their Crypto Stuff (Spoiler Alert: It’s a Real Shock)

A  grandma looks shocked with her hands on her hips while standing in front of a giant clock ticking down 180 days. In the background, various crypto assets are being swept away like leaves by an unseen force.

Yet another cryptocurrency company gets spanked by the SEC for operating outside the law. Who’d have thought? Not me, certainly not after writing about this nonsense for years. Etoro USA has agreed to pay $1.5 million in fines and penalties for running an unregistered broker and clearing agency – that’s like a slap on the wrist considering how much money they’ve probably made from fleecing gullible investors.

Source: bitcoin.com

Etoro USA has agreed to pay $1.5 million to the U.S. Securities and Exchange Commission (SEC) to settle charges of operating as an unregistered broker and clearing agency for crypto trading. Etoro will limit U.S. customers’ trading options to bitcoin, bitcoin cash, and ether, with a 180-day window to sell other crypto assets. If certain crypto assets cannot be transferred back to customers, Etoro will liquidate them within 187 days […]

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