Individual accreditation is based on net worth or income: only those with net worth above $1 million, or yearly income above $200,000, qualify. American Celsius users were largely unhappy with the change, with one writing, "Celsius Network making the rich richer. Shameful."
Celsius announced that, in order to comply with United States regulations, they would no longer allow non-accredited investors from the U.S. to "earn rewards on" (that is, lend) their crypto using their Earn product. Earn advertises that people can "earn up to 18.63% APY, get paid weekly" by putting their crypto into a Celsius account, which Celsius then lends out in exchange for interest. There are, of course, no insurance protections for the user in case of losses. Non-accredited investors will now be limited to only using their Celsius account to exchange, borrow, or transfer crypto — not lend.