eToro go stop work for Philippines by February 2025: Users suppose to withdraw their money
Investment platform wey sabi eToro dey comot for the Philippines, wey go require say make all accounts close or make fund withdraw before February 7, 2025. Dis decision follow as dem dey watch dem globally and local advisories from Philippine SEC wey dey against unauthorised financial operations. eToro go stop to dey offer dem services, wey include crypto wallets, CopyTrader, and Smart Portfolios. Trading for eToro go stop by December 8, 2024, and wallet services go end by December 15, 2024. As e be now, some users don dey face account closures and access wahala. For eToro status for the Philippines, SEC don flag the platform before for illegal operation wey no get registration. Di platform wey dey US dey face similar regulatory pressure, with restrictions on trading apart from Bitcoin, Bitcoin Cash, and Ethereum. Affected users suppose use di remaining time to close dem positions and withdraw funds through eToro customer service. Dis exit dey reflect broader regulatory trends wey fit lead to increase local and global market scrutiny.
Bearish
Di eToro decide say dem no go run for di Philippines again because di regulators dey put pressure, fit make crypto traders wey dey di area feel shake, wey fit lead to bearish impact wey go last a short time for di market. Dis one dey show di wider wahala wey regulators dey cause, wey fit make unregistered platforms struggle to operate. Similar things wey don happen before don usually make trading activities dey drop and market value dey fall for areas wey dem affect. Long-term market feeling fit still dey cautious as regulators dey watch everywhere, wey fit affect market stability and trader confidence.