eToro will restrict U.S. users from investing in ADA, Cardano founder reacts - Aliens: AI Crypto News & Markets Updates

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eToro will restrict U.S. users from investing in ADA, Cardano founder reacts

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Aliens

Wed, Nov 24, 2021

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Cardano founder Charles Hoskinson responded to eToro’s restrictions on US users’ investment in ADA. He blamed it on the lack of clarity in the global regulatory system. "So there are no issues on our side. We’ve never received any regulatory summons or subpoena[s] or any of these things. Everything’s fine. Cardano is fine. Liquidity is improving – don’t allow people to spread fear, uncertainty, and disinformation. It’s just an example of thousands of independent businesses making decisions for their businesses, and some of those decisions are great for Cardano and some of those decisions aren’t.” Hoskinson also clarified that ADA is still on the eToro platform. People outside the United States can still trade ADA.

According to previous reports, eToro announced that it will restrict American users from using Cardano (ADA) and TRON (TRX) related services. eToro is a multi-asset investment platform. Starting from December 26, 2021, US users will not be able to establish new positions in ADA or TRX. In addition, the pledge of these assets will end on December 31, 2021. The final reward will be paid to users in U.S. dollars on January 15, 2022. eToro said these changes are due to business-related considerations in the ever-changing regulatory environment.

Source: Coingape

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