Crypto: Etoro places restrictions on Cardano, Tron trading
Etoro, an Israel-based cryptocurrency trading platform, has placed trading limitations on assets Cardano and Tron in the United States.
“eToro will be limiting ADA and TRX for users in the U.S. These U.S. users will no longer be able to open new positions in or receive staking rewards for Cardano (ADA) and TRON (TRX). You will still be able to close existing positions as you see fit,” the trading platform said.
The limitations mean that users will not be able to open positions for these cryptocurrencies starting December 26 and will not be able to stake these assets anymore starting from December 21.
Cardano was launched in 2017 and is a third-generation blockchain after Bitcoin and Ethereum (first and second generations), respectively.
It also touts itself as the only extensively peer-reviewed blockchain platform in the industry and routinely publishes academic research papers on its website.
Etoro explained in the blog post that these new measures were a consequence of “business-related considerations in the evolving regulatory environment.”
This month, U.S. President Joe Biden’s economic advisors urged Congress to introduce regulatory oversight and a formal market structure for cryptocurrencies as soon as possible.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 5
NILDS seeks stronger role for women in governance
According to the DG, democracy in Nigeria has come to stay and requires collective commitment.
Lagos
Lagos recruits 45 personnel to boost enforcement on Lekki-Epe corridor
Mr Osiyemi noted that the corridor had staffing challenges that slowed down operations.
Heading 2
Education minister inaugurates Nigeria’s first robotic surgery academy
Mr Alausa said the initiative would expand advanced medical training.
Health
Pate warns politicians against politicising Ebola case
Mr Pate said health is a unifying issue that transcends political, ethnic and religious affiliations.
Economy
Tinubu’s economic reforms paving way for prosperity: Minister
The minister explained that the reforms were deliberate and courageous, aimed at addressing longstanding structural weaknesses.
Health
Kaduna expands last-mile health supply project to 1,000 facilities
Ms Isyaku said four zonal warehouses in Ikara, Sabon Gari, Zaria and Kafanchan, established under the project, were operational.
