Financial regulators released an inter-agency policy agenda for regulating cryptocurrencies, as discussions unfold about how to provide oversight for the booming market.
Trading platform eToro will be limiting crypto assets cardano (ADA) and tron (TRX) for U.S. customers starting in December due to “business-related considerations in the evolving regulatory environment,” according to a statement on its website. The statement, published Tuesday, said that users in the U.S. will “no longer be able to open new positions in, or receive staking rewards for,” ADA and TRX. Restrictions on opening new positions in ADA and TRX will take effect on Dec. 26, while staking for these assets will end on Dec. 31, the statement said.
U.S. banking agencies are moving closer to regulating cryptocurrencies. Yahoo Finance's Jared Blikre details the latest.