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Crypto broker eToro secures CySEC CASP approval, positioning itself to expand service s across the EU under the upcoming MiCA regulations in December 2024. In addition to the latest CASP license, eToro is authorized in various jurisdictions worldwide, including the UK, Australia, Cyprus, Gibraltar, and the USA. The broker also has digital asset provider registration with multiple countries, including Spain and France. eToro services in EU According to Financial Magnate, the broker can offer cryptocurrency services in all EU countries on a cross-border basis from one entity, eToro (Europe) Digital Assets Ltd. This will become possible in December 2024, when the EU Markets in Crypto Assets (MiCA) regulation comes into force. “This registration signals that we are 100% ready to embrace a new era for crypto once MiCA comes into effect next year.” Dr Hedva Ber, Deputy CEO at eToro Europe is an essential region for the company, she added. This region is home to the majori...

Ripple Labs has received in-principle central bank approval in Singapore to begin offering crypto products and services under a regulated banner throughout the city-state. The licensure for its local subsidiary, Ripple Markets APAC, would allow it to scale client’s use of its crypto-enabled On-Demand Liquidity (ODL) service , the San Francisco firm said in a statement. Ripple Labs’ provisional license allows it to start offering payment s service s such as account issuance, cross-border money transfer service s and digital payment token service s while it undergoes further regulatory checks. ODL, which runs on the Ripple distributed ledger, aims to boost efficiency of international transfers by using XRP as an intermediary asset. Company materials suggest it operates across some 40 payment s markets, including France, Sweden and Africa. Ripple Labs reported selling $2.9 billion XRP last quarter to customers for use on its payment s network. It spent $2.6 billion buying the token ...