Celsius announces only transfers from accredited US-based investors will be able to earn rewards By Cointelegraph
[ad_1]
Celsius announces only transfers from accredited US-based investors will be able to earn rewardsCrypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions with local regulators.
In a Monday announcement, Celsius said its Earn product, which allows users to earn interest on crypto, would be unavailable to U.S. residents making transfers starting on Friday. According to the firm, any coins transferred to interest-earning accounts before Friday “will continue to earn rewards,” but “new transfers made by non-accredited investors in the United States” will be held in custody accounts.
Continue Reading on Coin Telegraph
[ad_2]
Source link
Celsius announces only transfers from accredited US-based investors will be able to earn rewardsCrypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions with local regulators.
In a Monday announcement, Celsius said its Earn product, which allows users to earn interest on crypto, would be unavailable to U.S. residents making transfers starting on Friday. According to the firm, any coins transferred to interest-earning accounts before Friday “will continue to earn rewards,” but “new transfers made by non-accredited investors in the United States” will be held in custody accounts.
Continue Reading on Coin Telegraph
About The Author
