Robinhood's Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California

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Robinhood's crypto-trading subsidiary used to prevent customers from withdrawing the tokens they bought. Though Robinhood Crypto LLC abandoned that policy in 2022, on Wednesday its past practices earned a $3.9 million slap on the wrist from the state of California.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

#Policy, #News, #Regulations, #Robinhood, #California