Etoro said he received the regulatory approval under the markets of the European Union markets in the framework of cryptographic (MICA) assets and will soon be able to provide custody and criptomoned trade services throughout the region. The negotiation platform announced the approval of the Cyprus Stock Exchange Commission on Wednesday.
The regulation of MICA that requires that companies acquire a license to provide cryptographic asset services (CASP) had a total effect in December and established a standardized legal framework for cryptographic services in the negotiation block of 27 nations. The approval under Mica also opens the doors to Iceland, Liechtenstein and Norway who are not members of the EU.
The company joins Crypto exchanges bitpanda, OKX and Crypto.com, among others that have obtained a Mica license.
Etoro, based in Israel, which offers a mixture of traditional services and cryptographic commerce, is building a global presence. He obtained a license in New York in 2023 and landed in the Crypto Registry of the United Kingdom in 2022.
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