Crypto firm Abra reaches settlement with US states for operating without licences

Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state licensing.

As part of the settlement, Abra last year agreed to stop accepting crypto from US Abra Trade account customers into its products and services, the Conference of State Bank Supervisors (CSBS) said in a release, after agreeing to stop making cryptocurrencies available for buying and trading.