French regulator AMF officially approves eToro as a PSAN. – Latest News

The Broker eToro has just been officially registered as a digital asset service provider (PSAN) with the AMF financial markets authority. Thus, it will now be able to offer fully compliant digital asset purchase services. This will also expand the company’s marketing strategy in France.

eToro is registered with theMFA inasmuch as PSAN.

With this approval, eToro has signed a commitment to expand its services in cooperation with the French regulator. Consequently, eToro (Europe) Limited will be able to provide fully compliant digital asset purchasing services to all its French customers and will now be able to advertise and develop its marketing strategies in the region.

The France regional director ofeToroImmanuel Sackman : “We are proud to have received this registration from the Autorité des marchés financiers. France is an important market for us and we are delighted to be able to offer our French users to invest directly in digital assets.

Furthermore, he added that the objective ofeToro is to make investing accessible to as many people as possible. The exchange fully supports all regulatory measures that protect retail investors. This while not excluding any of those who stand to benefit the most, nor stifling innovation.

ALSO READ: Colombia Seeks Approval of Bill to Regulate Crypto Exchanges.

For both novice and more experienced users, eToro offers a wide range of tools for trading in the most classic forms. The financial instruments available on the platform include stocks, cryptocurrencies or commodities. With over 27 million customers worldwide, eToro expresses its desire to continue to grow its community through webinars, courses, news analysis and market analysis.

An overview of the PSAN

PSAN, for Digital Asset Service Providers, is an authorization to provide certain services related to crypto-currencies in particular.

Financial market participants wishing to enable their clients to buy and sell digital assets. It also makes it possible to exchange or keep these assets, and to allow their exploitation on their platform. Exchanges must therefore register with the AMF and obtain this PSAN certificate. They must also get in touch with the Prudential Supervision and Resolution Authority, with the Banque de France.

The news comes directly to recent recording of Binance near theMFA. This marks that the largest platform wants to comply with the various regulators.

Bonus: Washington increases the electricity rate for bitcoin miners by 29%.

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French regulator AMF officially approves eToro as a PSAN. – Latest News

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