eToro Earns Virtual Asset Registration from Bank of Spain
Leading investing platform eToro has marked a significant milestone, as it was granted registration by the Bank of Spain as a service provider of exchange of virtual currency for fiat currency and electronic wallet custody services. The pivotal decision was made on June 29, 2023, according to an announcement made by the company earlier this week.
eToro Digital Assets Ltd. is now officially registered in the Virtual Asset Service Provider Register maintained by the Bank of Spain under code number D848, reinforcing its position as a significant player in the cryptocurrency market.
Tali Salomon, eToro’s Regional Manager for Iberia and LatAm, expressed her satisfaction with this major development. “This registration is a testament to our commitment to operating a growing business that prioritizes consumer protection while also nurturing innovation and ensuring access for individual investors,” said Salomon.
The registration will allow eToro to extend its reach within Spain further, offering Spanish users access to a broad range of asset classes, investment tools, and educational resources. eToro has always been at the forefront of promoting financial literacy and investor empowerment, and this move is another step in that direction.
Salomon added, “We will continue to empower our Spanish users by providing them with access to a diverse range of asset classes, investment tools, and educational resources to enable them to grow their knowledge and wealth.”
With this registration, eToro joins an exclusive club of digital asset service providers that have successfully navigated the regulatory landscape in Spain. This move comes at a time when the adoption of cryptocurrencies is on the rise, both globally and within Spain. The registration is expected to bolster trust in eToro’s services in the region and promote further growth and development within the crypto space.
Author of this review
By George Rossi
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers.
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