US Crypto Lender Celsius to Stop Paying Interests to Unaccredited Investors

In line with regulatory demands, American crypto lender, Celsius has shared details of a restructuring to its Earn product which will now be limited to only Accredited investors.

As announced by the company, the new regime will come into effect from April 15, and users with existing funds in their Earn accounts will continue to earn interests as long as the funds remain in such accounts.

The new move implies that new retail investors will not be able to access the Earn program. However, those accredited investors permitted by law to participate in securities offerings irrespective of the risks will be able to access the Earn product continually.