Crypto lending firm CelsiusNetwork won’t give rewards to any US-based accounts unless verified. “In line with recent regulatory guidance, there will be changes to the way our Earn product will work [...] in the United States”, said CEO Mashinsky.
Crypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions with local regulators.its Earn product, which allows users to earn interest on crypto, would be unavailable to U.S. residents making transfers starting on Friday.
Only “verified accredited investors” in the U.S. will be able to add coins to their Earn accounts, while users outside the country will be unaffected. Celsius said the changes to its products were the result of “ongoing discussions with United States regulators.” In 2021, some state-level regulators against the platform for allegedly offering unlicensed securities with its interest-earning accounts.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Crypto lender Celsius to stop paying interest on new deposits from US starting on FridayCelsius will be limited access to its Earn accounts in the US, setting up a new Custody service instead.
Leer más »
Sticker shock: Inflation in United States likely set new 40-year high in MarchWith ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March.
Leer más »
Sticker shock: Inflation in United States jumped 8.5% in past year, highest since 1981Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers.
Leer más »
Opinion: Should the United States just abandon use of the lowly penny?Opinion: Should the United States just abandon use of the lowly penny? [Opinion]
Leer más »
Inflation hits another 40-year high in the United StatesHave you felt the impact of inflation lately? You're not alone. The United States hit yet another 40-year high according to a report from the Bureau of Labor Statistics.
Leer más »
Sticker shock: Inflation in United States likely set new 40-year high in MarchWith ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March.
Leer más »