Tag: Plutus Financial

US Regulators close down crypto trading app Abra

CFTC Mark Lagarde - July 14, 2020

The U.S. regulators SEC and the CFTC have cracked down on the innovative crypto trading platform Abra, which enables its users to trade tokenized versions of stocks. According to the SEC press release, the agency charged California-based Abra for offering and selling security-based swaps to retail investors without registration and for failing to transact those swaps on a registered national exchange.

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