Multi-asset investing platform eToro (Europe) Digital Assets Ltd. announced on Friday, July 28, that it has received approval from the Bank of Spain to be registered as a service provider for the exchange of virtual currency for fiat currency and electronic wallet custody services.
eToro is now registered with the Bank of Spain as a Virtual Asset Service Provider under code number D848 after its registration on June 29.
“This registration is a testament to our commitment to operating a growing business which prioritises consumer protection while also nurturing innovation and ensuring access for individual investors,” says Tali Salomon, eToro’s Regional Manager for Iberia and LatAm.
The approval from the Bank of Spain further strengthens eToro’s position as a leading investing platform, empowering users to invest, share, and learn in the financial markets.