Gibraltar:
eToro Launches New Cryptocurrency Exchange In Gibraltar
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Last week
eToro announced the full launch of its cryptocurrency exchange,
eToroX, which will support trading in six cryptocurrencies –
BTC, BCH, ETH, XRP, LTC and DASH. It also announced 8 new tokenised
assets centred around Pounds Sterling, Euros, United States
Dollars, Japanese Yen, Australian Dollars, Canadian Dollars and New
Zeland Dollars.
eToroX is regulated by the Gibraltar Financial
Services Commission having obtained its DLT Provider's Licence
towards the end of 2018.
eToro CEO and co-founder, Yoni Assia, "Just as eToro has
opened up traditional markets for investors, we want to do the same
in the tokenized world. [...] Blockchain will eventually
'eat' traditional financial services through
tokenization."
Our FinTech team led by
Anthony Provasoli, together with Latham & Watkins led by
Stuart Davis, advised eToro on the structuring and issuance of its
new product. We at Hassans are excited to see the full launch of
eToroX and we look forward to its continued growth within
Gibraltar's regulated environment.
www.gibraltarlaw.com
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