The official statement of the company says that the approval of the Bank of Spain demonstrates the compliance of the company’s business policy with regulatory norms and standards for representatives of the crypto industry in the country.
eToro intends to expand its range of services in the Spanish market and expects the regulator’s decision to be enough reason for traditional financial institutions to cooperate more with digital asset service providers.
As a result of the registration, eToro received the right to offer Spanish users exchange services in traditional and digital assets, as well as various methods of crypto investment.
Earlier, cryptocurrency investment platform eToro announced that it was halting US users’ access to four cryptocurrencies — DASH, MANA, ALGO and MATIC — amid SEC action.
Source: Bits
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