Foresight News: According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has filed a federal lawsuit against social investment platform eToro for its Contract for Difference (CFD) products. The regulator claims that eToro's market positioning is too broad and violates design and distribution rules. It also highlights that the underlying assets of these products, including cryptocurrencies, carry inherent risks due to their high volatility and risk levels. CFDs are leveraged derivative contracts that allow buyers to speculate on price movements of underlying assets, such as foreign exchange rates, stock market indices, individual stocks, commodities, or cryptocurrencies. eToro's cryptocurrency CFDs permit the use of up to 2x leverage for certain assets.