Etoro said he received regulatory approval as part of the Crypto-Active Markets Markets (MICA) markets and will soon be able to provide trading and cryptocurrency care services in any the region. The negotiation platform announced on Wednesday the approval of the Cyprit SECURITIES EXCHAGEN.
The MICA regulations which oblige companies to acquire a license of cryptographic asset service provider (CASP) took full effect in December and established a standardized legal framework for cryptographic services through the negotiation block of 27 nations. Approval under Mica also opens the doors to Iceland, Liechtenstein and Norway which are not members of the EU.
The company joins Crypto Exchanges Bitpanda, OKX and Crypto.com, among others, which obtained a Mica license.
Etoro, based in Israel, which offers a mixture of traditional services and cryptographic trading, establishes a global presence. He obtained a license in New York in 2023 and landed in the United Kingdom Crypto Register in 2022.
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