Australia ASIC sues eToro alleging lax oversight of crypto derivatives, causing consumer losses
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the online trading platform eToro for allegedly violating financial regulations related to cryptocurrency derivative products, leading to two-thirds of CFD traders reportedly losing funds. ASIC vs. eToro According to the concise statement filed by ASIC, eToro is accused of contravening the design and...