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

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

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Source: Coindesk.com

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.

The California Department of Justice settled its investigation into what Robinhood's chief lawyer called "historical practices" in

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The post "Robinhood's Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California" appeared first here Coindesk.com.

Source: Coindesk.com

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