eToro receives Crypto Asset Service Provider (CASP) registration from CySEC

Broker eToro announced today that its application for registration in the registry CySEC CASP (Crypto Asset Service Provider) has been approved. Registration will enable eToro to offer regulated crypto services in all European Union countries on a cross-border basis from a single entity - eToro (Europe) Digital Assets Ltd. The proposal will enter into force with the EU Crypto Asset Markets Regulation (Mica) in December 2024

Dr. Hedva Ber, Deputy CEO of eToro, said:

This registration signals that we are XNUMX% ready to embrace a new era for cryptocurrencies when MiCA comes into force next year. As a global company regulated in various markets around the world, we look forward to the increased certainty and security that MiCA will offer both consumers and reputable companies in this space.

Europe is an extremely important region for eToro, it is where the majority of our users are located and we want to continue to offer European investors direct access to a wide range of crypto assets as part of a diversified portfolio. The new CySEC registration will make it much easier for us to achieve this goal in Europe following the launch of MiCA, enabling us to create a more streamlined and efficient offering for European investors looking to trade crypto assets - she added.

eToro is authorized and regulated by a number of regulatory bodies in multiple jurisdictions around the world, including FCA (UK), ASIC (Australia), CySeC (Cyprus), GFSC (Gibraltar), FinCen and FINRA (US). It is also registered as a digital asset provider with various local authorities, including the Bank of Spain and AMF (France).