eToro Will Delist Cardano & TRON For US Users By 2022 - Official.

eToro Will Delist Cardano & TRON For US Users By 2022 - Official.

2021-11-25 | Eddy Morgan

eToro Will Delist Cardano & TRON For US Users By 2022 - Official.

Cardano (ADA) and Tron (TRX) will be delisted for US consumers before the end of the year, according to a message published to users recently by Israeli cryptocurrency exchange eToro. Some users were astonished by the action, as ADA hasn't been on authorities' radars in a long time. Users in the United States will no longer be allowed to create new positions in the tokens or stake ADA and TRX after December 31. Wallets will likewise remain in withdraw-only mode until the first quarter of 2022 when the selling will be restricted as well. eToro made the decision based on regulatory concerns about both assets. Some were surprised by the action because the ADA has never been involved with regulatory issues. In the cryptocurrency business, tokens like Ripple (XRP), whose founders are now involved in a dispute with the Securities and Exchange Commission, or SEC, and Monero, a privacy coin that some think may be readily misused for criminal reasons, are receiving regulatory attention. This year, the price of ADA has risen rapidly, and it now ranks among the top ten cryptocurrencies in terms of market value. When it comes to delisting currencies or shutting down particular services, regulators put a lot of pressure on companies in the blockchain business. Coinbase dropped its plans for a crypto lending business in September after the Securities and Exchange Commission threatened to prosecute the firm. For the time being, however, the advent of decentralized exchanges and decentralized financial protocols has created popular options for individuals seeking to circumvent such restrictions lawfully.

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