Robinhood's Former Ban on Crypto Withdrawals Draws $3.9M Settlement in California

Robinhood's crypto-trading subsidiary used to prevent customers from withdrawing the tokens they bought. Though Robinhood Crypto LLC abandoned that policy in 2022, on Wednesday its past practices earned a $3.9 million slap on the wrist from the state of California. source: https://www.coindesk.com/policy/2024/09/05/robinhoods-former-ban-on-crypto-withdrawals-draws-39m-settlement-in-california/?utm_medium=referral&utm_source=rss&utm_campaign=headlines