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Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations – Bitcoin News

Cryptocurrency Firm Abra Settles With 25 US States Over Licensing Violations – Bitcoin News
Financial authorities in 25 U.S. states have reached a settlement with the cryptocurrency investment platform Abra and its CEO Bill Barhydt.

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Cryptocurrency firm Abra has reached a settlement with 25 US states over licensing violations. The company was found to have offered trading services for digital assets without proper registration. As a result, Abra has agreed to pay $300,000 in penalties and to take steps to ensure compliance with state regulations. The settlement marks a significant development in the regulation of cryptocurrency firms in the US.

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