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[Australia] Crypto Earn Will No Longer be Available in Your Jurisdiction

All Cryptocurrencies

by COINS NEWS 33 Views

Dear Valued Customer,

As we continue to enhance the Crypto.β€Œcom product portfolio and launch more comprehensive and accessible offerings for our users, we will make changes to our services and the Crypto.com App to ensure you are able to get the most rewarding experience. Given the recent launch of on-chain Staking in the Crypto.β€Œcom App, we are removing the Crypto Earn program in your jurisdiction.

Removal of Crypto Earn in your jurisdiction

Existing fixed-term allocations are unaffected and will continue to maturity. However, existing flexible-term allocations will be returned to your Crypto Wallet after 22 September 2023, 08:00 UTC.

  • A shame, I used the Crypto Earn program to 'stake' some of my smaller alt coins where it simply wouldn't be worth the GAS fees to do so natively on-chain.

  • Yes, in before all the obvious NYKNYC comments

Just a sign of things to come as far as regulations go. Probably for the best.

submitted by /u/DBRiMatt
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