On June 26, cryptocurrency investment platform Abra reached a settlement with financial regulators in 25 U.S. states for operating without the required state licenses. The settlement includes an agreement for Abra to return up to $82 million in cryptocurrency to its U.S.-based customers. The firm and its CEO were found to have operated their mobile app without the necessary licensing, leading to the regulatory action.
Crypto firm Abra reaches settlement with US states for operating without licenses https://t.co/6JgX1Tf9hP https://t.co/p4kG9q10n1
[REUTERS] Crypto firm #Abra reaches settlement with US states for operating without licenses
Crypto investment platform @AbraGlobal has settled with 25 U.S. states for operating without the required licenses, and will return up to $82 million in crypto to U.S.-based customers. @cheyenneligon reports https://t.co/Fb5KpPs2TO
Crypto firm Abra settles with state regulators over not licensing its mobile app https://t.co/c9XH8XkuTC
#Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations https://t.co/540281eLvl
🔵 CRYPTO FIRM ABRA REACHES SETTLEMENT WITH US STATES FOR OPERATING WITHOUT LICENSES Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state licensing. Full Story… https://t.co/Cod1MusgSt