eToro will restrict access to Tron and Cardano cryptocurrencies

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The restrictions will be implemented in stages and will only affect US users

eToro will restrict access to Tron and Cardano cryptocurrencies

25.11.2021 - 07:25

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What’s new? The website of the popular investment platform eToro has published news about the introduction of restrictions on Tron and Cardano cryptocurrencies for users located in the United States.

The message on the eToro website

What restrictions will be introduced? Starting December 26, 2021, users will not be able to open new positions, and from December 31, the possibility of staking will be limited. The sale of these assets on the platform will also be closed in the first quarter of the next year.

There will be no forced sale of users’ assets. eToro expects customers to be able to transfer funds to the eToro Money wallet, which will continue to work with Tron and Cardano. The company was vague about the reasons for delisting the two cryptocurrencies from the platform, citing “business-related considerations in the evolving regulatory environment.”

Author:

Editorial GetBlock Magazine

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