Celsius Network, the cryptocurrency lending platform in the USA, announced that its customers in the USA who are not in the status of qualified investors will no longer be able to participate in the “Earn” program.
Celsius’ US customers will be able to participate in the “Earn” program on the platform from April 15th, so that their deposits on the platform earning rewards on cryptocurrencies for qualified investor status will be required.
Celsius management, in a blog post on the subject, “We’ve been in talks with regulators in the US for some time about our Earn (name) program. As a result of these discussions, we will make some changes to how our customers in the US use the Earn program.” said.
If Celsius customers in the USA deposit cryptocurrencies on the platform after this date, these coins will be Custody will be kept in their account and no reward will be given to the user. These users still swap, loan with the process transfer can do the operation.
In accordance with the legislation in the USA; A real or legal person must have certain licenses in order to be considered a qualified investor, if he does not have these licenses at least $200,000 in annual income to be or At least $1 million worth of wealth it must be.
Celsius offers customers lending and winning an award certain U.S. programs allegedly may violate securities laws. on the radar of regulatory agencies had entered. Investigations into Celsius continue in some states.