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Robinhood Reaches $3.90 million Settlement With California Regulators For "Preventing Users From Withdrawing Cryptocurrency"
Robinhood's cryptocurrency trading subsidiary had prevented customers from withdrawing the tokens they had purchased. While Robinhood Crypto LLC abandoned that policy in 2022, its past practice was penalized by the California government on Wednesday for $3.90 million. The California Department of Justice has launched an investigation into what Robinhood's top lawyer said were "historical practices" in the cryptocurrency business of the popular trading app between 2018 and 2022. The state's inves...
2024-09-05 02:09:22
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