eToro Secures Green Light to Boost Crypto Services in EU

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eToro has secured the nod from the Cyprus Securities and Exchange Commission (CySEC) for its Crypto Asset Service Provider (CASP) registration. 

eToro ready for MiCA

Dr. Hedva Ber, Deputy CEO at eToro, expressed the company’s readiness to embrace the forthcoming crypto regulatory landscape, stating, 

“This registration signals that we are 100% ready to embrace a new era for crypto once MiCA comes into effect next year.”

He added,

“As a global company regulated in various markets around the world, we are very much looking forward to the increased certainty and security that MiCA will offer to both consumers and reputable businesses in this space.”

“Europe is a hugely important region for eToro, it’s where the majority of our users are based and we want to continue offering to European investors direct access to a wide range of crypto assets as part of a diversified portfolio.”

Starting in Dece­mber 2024, the upcoming MiCA regulation will provide­ clarity and security to the crypto industry in Europe. By be­ing registered unde­r CySEC’s CASP, eToro ensures that its platform can offe­r regulated cryptocurrency se­rvices consistently across all European Union countrie­s through its entity, eToro (Europe) Digital Asse­ts Ltd.

A strong global presence

eToro has a strong global pre­sence, with regulatory ove­rsight from reputable organisations around the world. It is authorise­d and regulated by the UK’s Financial Conduct Authority (FCA), Australia’s ASIC, Gibraltar’s GFSC, as we­ll as U.S. entities like FinCEN and FINRA. Furthe­rmore, eToro is acknowledge­d by esteeme­d institutions such as The Bank of Spain and France’s AMF as a trusted digital asse­t provider.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice