Crypto firm Abra has settled with 25 state regulators for operating without proper licenses, agreeing to cease crypto transactions for U.S. customers and return $82 million. Investigations found Abra operated without required licenses. The settlement waives penalties to prioritize customer repayment.

Crypto firm Abra has settled with 25 state regulators for operating without proper licenses, agreeing to cease crypto transactions for U.S. customers and return $82 million. Investigations found Abra operated without required licenses. The settlement waives penalties to prioritize customer repayment.

https://www.csbs.org/newsroom/state-financial-regulators-settle-abra-return-cryptocurrency-assets