Etoro limits Cardano and Tron services in the USA due to regulatory concerns-
Etoro limits Cardano and Tron services in the USA due to regulatory concerns-
etoro, a trading platform based in Israel, took measures to trade Cardano and Tron on its platform. From December, customers based in the USA will have limited functionality with these cryptocurrencies on the Etoro platform. In a contribution, Etoro said that these new measures were a result of "business -related considerations in the developing regulatory environment".
Etoro limited cardano and tron trade for American customers
etoro, one of the most important in Israel, has restricted trade with Tron and Cardano for users based in the USA. The announcement was made on November 23 in a blog Post that informs this about the restrictions that this Apply assets to the platform. From December 26, users cannot open any positions for these cryptocurrencies and can no longer use these assets from the next December 21st.
However, this only applies to new jobs. Existing positions must be retained by the users, but if they are closed, the payment of the operation (if available) is handled into dollars. In addition, positions in intelligent portfolios are converted into personal positions so that the user can manage them. Etoro explained that it takes these measures on the basis of "business -related considerations in the developing regulatory environment". The company is likely to try to protect itself from the regulatory uncertainty with which the cryptocurrency sector in the USA is confronted
Hoskinson's answers
The unexpected measures of Etoro initiated A Answer From Charles Hoskinson , the founder of Cardano. Hoskinson spoke about the general problems of regulatory uncertainty with which cryptocurrencies in the world and especially in the USA are faced. Hoskinson explained on this topic:
It seems to be an adaptation of the risk control and policy for a certain European company, and liquidity has been reduced there for US participants.
At the same time, Bitstamp, another European cryptocurrency exchange, has announced that it will include Cardano in its platform. This would support the above -mentioned assessment of Hoskinson, which indicates that the narrowing of Etoro is only a specific action of a single platform and is not symbolic of a general trend of exclusion. Hoskinson also made it clear that Etoro's action would not affect the liquidity of the currency on the market, since it was a relatively small platform for the token.
Hoskinson also called for regulatory clarity and explained that this was the only way to solve all of these problems. On the other hand, Justin Sun, the founder of Tron, did not make any statements on the subject.
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