FILE PHOTO: Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state licensing.
As part of the settlement, Abra last year agreed to stop accepting crypto from U.S. Abra Trade account customers into its products and services, the Conference of State Bank Supervisors (CSBS) said in a release, after agreeing to stop making cryptocurrencies available for buying and trading.
