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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.”
“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