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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/the-sec-forces-etoro-to-limit-cryptocurrency-services/" data-wpel-link="internal">The SEC Forces eToro to Limit Cryptocurrency Services</a> 
The U.S. Securities and Exchange Commission (<a href="https://en.coin-turk.com/uk-banks-and-crypto-a-shift-in-the-financial-ecosystem/" data-wpel-link="internal">SEC</a>) continues its aggressive stance against <a href="https://en.coin-turk.com/crypto-market-shows-signs-of-recovery-as-bitcoin-leads-the-charge/" data-wpel-link="internal">cryptocurrency</a> companies. In a recent announcement, the popular trading platform eToro will pay a $1.5 million fine and will be permitted to offer services for only a limited number of <a href="https://en.coin-turk.com/important-developments-of-the-upcoming-week-concern-cryptocurrencies/" data-wpel-link="internal">cryptocurrencies</a>. 
<h2 style="text-align: justify" id="latest-developments-in-cryptocurrency-regulations">Latest Developments in Cryptocurrency Regulations</h2> 
SEC asserts that most cryptocurrencies qualify as securities. As a result, the SEC is filing lawsuits against exchanges and trading platforms to compel them to halt operations. A historic decision was made today, revealing that eToro will only be allowed to provide services for BTC, BCH, and ETH. The SEC’s announcement stated: 
<blockquote> 
 “The SEC’s ruling indicates that, since 2020, eToro has offered unregistered securities to U.S. customers. This platform, operating as a broker and clearing house, did not comply with federal securities registration requirements.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-388404 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/BTCUSDT_2024-09-12_16-10-59.png" alt="" width="1815" height="836"> 
U.S. customers will only be able to trade Bitcoin , Bitcoin Cash, and Ethereum on the platform. This also signifies another ruling indicating that the SEC regards these three cryptocurrencies as commodities. 
The post <a href="https://en.coin-turk.com/the-sec-forces-etoro-to-limit-cryptocurrency-services/" data-wpel-link="internal">The SEC Forces eToro to Limit Cryptocurrency Services</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

The SEC Forces eToro to Limit Cryptocurrency Services

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