eToro Europe Ltd. has received approval to offer cryptoasset
services in Germany under the Markets in Crypto-Assets Regulation.
The company announced that all cryptoasset trading for
German clients will be conducted directly through eToro EU, ending the use of
DLT Finance for trading services on the platform.
Tangany Keeps Custody, Trading Requires Consent
Clients will need to accept revised Terms and Conditions to
continue trading. A notification will appear upon login to confirm acceptance.
Digital
assets meet tradfi in London at the fmls25
Those who do not accept will lose access to trading
services, but their existing holdings will remain in custody with Tangany GmbH.
Assets may also be withdrawn to another custodian, subject to Tangany’s
procedures.
eToro EU Keeps Custody, May Expand
The company said custody arrangements remain unchanged at
this stage, though eToro EU may provide custody in the future. Any such change
will be announced in advance.
eToro also noted that while it is MiCA-authorized, it is not
classified as a MiCA trading platform where trades occur directly between
buyers and sellers. Instead, eToro acts as the counterparty, and transactions
may take place outside regulated venues.
This article was written by Tareq Sikder at www.financemagnates.com.
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