A trading and investment platform, eToro, has been granted regulatory approval by CySEC in Cyprus to provide cryptocurrency services within the European Union (EU).
This means that eToro can offer crypto services to all EU countries through a single entity, eToro (Europe) Digital Assets Ltd, once the new MiCA regulations take effect in December 2024.
Dr Hedva Ber, Deputy CEO at eToro, said, “This new CySEC registration will make it much easier for us to achieve this in a post-MiCA Europe, allowing us to create a more streamlined and efficient offering for European investors who want to trade with crypto assets.”
eToro is already authorized and monitored by various regulatory authorities in different countries, like the UK, Australia, the United States, and others. They also follow the rules set by local authorities in Spain and France.
Also Read: Bank of Spain Approves EToro Registration
This approval by CySEC positions eToro to offer streamlined and efficient crypto services across the EU, benefiting European investors in a post-MiCA regulatory environment.