🇺🇸 UPDATE: New York’s Attorney General has secured $5M from Uphold over claims it promoted a misleading crypto yield product.
The settlement addresses allegations that the platform advertised high returns without clearly disclosing the associated risks—putting users’ assets at potential risk.
As part of the agreement, Uphold must improve transparency around its financial products and adhere to stricter compliance measures moving forward.
This move reinforces ongoing efforts to hold crypto firms accountable for consumer protection.
#CryptoRegulation #UpholdSettlement #ConsumerProtection
Yoni Crypto
The settlement addresses allegations that the platform advertised high returns without clearly disclosing the associated risks—putting users’ assets at potential risk.
As part of the agreement, Uphold must improve transparency around its financial products and adhere to stricter compliance measures moving forward.
This move reinforces ongoing efforts to hold crypto firms accountable for consumer protection.
#CryptoRegulation #UpholdSettlement #ConsumerProtection
Yoni Crypto