IOWA INSURANCE DIVISION ANNOUNCES SETTLEMENT WITH CRYPTOCURRENCY FIRM ABRA
February 24, 2024
February 24, 2024
DES MOINES, Iowa, Feb. 24 -- The Iowa Department of Commerce's Insurance Division issued the following news release:
The Iowa Insurance Division entered a settlement in principle with a group of affiliated companies commonly known as Abra. The settlement addresses Abra's alleged offer and sale of interest-bearing cryptocurrency depository products referred to as Abra Boost and Abra Earn.
As part of the settlement, Abra is required to notify all Iowa consumers . . .
The Iowa Insurance Division entered a settlement in principle with a group of affiliated companies commonly known as Abra. The settlement addresses Abra's alleged offer and sale of interest-bearing cryptocurrency depository products referred to as Abra Boost and Abra Earn.
As part of the settlement, Abra is required to notify all Iowa consumers . . .