Etoro said it will soon be able to provide cryptocurrency trading and custody services across the region with regulatory approval in the European Union market of the Crypto Union (MICA) framework. The trading platform announced approval from the Cyprus Securities and Exchange Commission on Wednesday.
MICA regulations requiring businesses to obtain Crypto Asset Service Provider License (CASP) have been fully in effect in December, establishing a standardized legal framework for crypto services across trading blocks in 27 countries. did. Approval under MICA opens the doors to Iceland, Liechtenstein, and Norway, which are not EU members.
The company is participating in MICA-licensed Crypto Exchanges Bitpanda, OKX, Crypto.com and more.
Based in Israel, Etoro offers a combination of traditional trading and crypto trading services, creating a global presence. He obtained his license in New York in 2023 and landed in the UK Crypto Registry in 2022.
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