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eToro United States Dollar

ASIC discovered that eToro’s target market was too broad and its screening test ineffective in excluding unsuitable customers for CFDs (Contract for Difference).Crypto trading platform eToro is facing serious trouble as the Australian Securities and Investments Commission (ASIC) takes legal action against them. The regulator <a href="https://cryptosheadlines.com/sec-files-lawsuit-against-binance-for-unregistered-securities-operations/" rel="noopener noreferrer nofollow">filed a lawsuit</a>, claiming that eToro Aus Capital Ltd. has been <a href="https://cryptosheadlines.com/paypal-improves-crypto-offerings-for-60-million-venmo-users-allowing-transfers-to-external-wallets-and-exchanges/" rel="noopener noreferrer nofollow">offering high-risk leverage derivative products that allow users</a> to speculate on cryptocurrencies.According to ASIC’s official statement on August 3, they accused eToro of violating the distribution and design obligations of its contract for difference (CFD) product. eToro’s platform offers a range of CFDs, which are leveraged derivatives contracts. <a href="https://cryptosheadlines.com/asic-sues-etoro-for-high-risk-derivative-products/" rel="noopener noreferrer nofollow">Read More...</a>

ASIC Sues eToro for High-Risk Derivative Products

CryptosHeadlines.com

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