United

Pilot

Standard

<ul>
 <li>It is a major step forward in eToro’s plan for international growth.</li>
 <li>eToro also intends to assist users in facilitating education in financial matters.</li>
</ul>
The United Arab Emirates (UAE) has granted eToro a Financial Services Permission (FSP) license, allowing the global trading and investing platform to begin operations. The Abu Dhabi Financial Markets Authority (<a href="https://thenewscrypto.com/abu-dhabi-global-market-adgm-grants-binance-fsp-license/" target="_blank" rel="noopener noreferrer nofollow">ADGM</a>), located in the capital of the UAE, is a worldwide financial hub. They granted eToro Financial Services Permission (FSP), allowing the company to operate.
The social investing platform may lawfully provide its services to the region thanks to this license. Importantly, the latest <a href="https://www.etoro.com/" target="_blank" rel="noopener noreferrer nofollow">eToro</a> license grants the platform the ability to facilitate trading in crypto assets, securities, and derivatives inside the <a href="https://thenewscrypto.com/binance-founder-czs-attorneys-oppose-attempts-blocking-uae-return/" target="_blank" rel="noopener noreferrer nofollow">UAE</a>.&nbsp;
<h3 class="wp-block-heading" id="h-continued-global-expansion">Continued Global Expansion</h3>
The newest acquisition is a major step forward in the company’s plan for international growth, which the company has already announced. When asked about Abu Dhabi’s recent growth as a fintech center, eToro’s founder and CEO <a href="https://il.linkedin.com/in/yoniassia" target="_blank" rel="noopener noreferrer nofollow">Yoni Assia</a> said that his company would be a part of it. With the new license, he hopes eToro can further establish itself in the area as a trading platform.
Assia stated:
<blockquote class="wp-block-quote">
 “The approval of our operating licence by ADGM is a key milestone in our continued global expansion. Abu Dhabi is increasingly recognised as a growing fintech hub, and we are excited to become part of this flourishing ecosystem.”
</blockquote>
Additionally, eToro intends to assist users in facilitating education in financial matters, particularly as they pertain to digital currency. Moreover, ADGM is certain that the UAE-issued eToro license, which gives the company access to ADGM’s innovative ecosystem and progressive laws, will accelerate the platform’s goal.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/standard-chartered-joins-chinas-e-cny-pilot-initiative/" target="_blank" rel="noopener noreferrer nofollow">Standard Chartered Joins China’s e-CNY Pilot Initiative</a>

eToro Secures FSP License from ADGM To Operate in UAE

Table of Contents

TheNewsCrypto

Other articles published on Nov 27, 2023

Top 3 Tokens To Position Ahead of the Bitcoin Spot ETF Approval: XRP, SOL, and QUBE

Blast Founder Reacts to Criticism About Protocol and Its Security

Bitcoin's Yearly Highs and Spot Premium: A Nuanced Market Outlook

All about Capture : Capture Product Suite - Capture Cam

These 3 Altcoins May Surge as BTC Continues Its Upward Trajectory

Ethereum Founder Buterin Discloses Plans For Major Changes

Join our free newsletter for daily crypto updates!