eToro has joined the Blockchain Association as an executive member

eToro, global investment platform, has announced that it has joined the Blockchain Association as an executive member. The compnay will help the Association to build more efficient financial systems and decentralized web applications by working alongised with other prominent organization in the blockchain system such as Coinbase, Circle, Digital Currency Group, and Polychain.

Guy Hirsch, USA Managing Director, eToro, said:

“As a company, we prioritize compliance with the regulations of all the jurisdictions we operate in around the world. As the United States’ blockchain industry evolves and matures, regulators and the industry need to prioritize conversations around ensuring consumers are informed and protected from bad actors. We are looking forward to collaborating with regulators and major industry players on how to provide guardrails without hindering innovation so that blockchain companies can flourish in a compliant manner. The Blockchain Association promotes policies that balance consumer protection and innovation and we’re proud to help drive its mission forward.”

Kristin Smith, Director of External Affairs, Blockchain Association, said:

“The power of open blockchain technology lies in the control it returns to individual consumers. eToro’s groundbreaking investment platform operates in that spirit, giving users the opportunity to trade across multiple asset classes, including cryptocurrencies, safely and securely. We’re excited to add eToro to a growing group of leading companies as we push for informed and responsive regulation that spurs innovation and protects consumers in this rapidly-developing industry.”

eToro announced in May 2018 that it would expand into the US market with a cryptoasset investment platform for U.S. investors, set to launch in Q1 2019. Upon launch in Q1, eToro’s crypto platform will be available in multiple states across the region. Ahead of the launch, users can experience the interface and practice mock cryptoasset trading via the virtual portfolio feature.

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Posted on: 06/12/2018