eToro to offer crypto services across EU with Cyprus registration

0
1996

 ​



Welcome to Finextra. We use cookies to help us to deliver our services. We’ll assume you’re ok with this, but you may change your preferences at our Cookie Centre.
Please read our Privacy Policy.

Accept





News and resources on digital currencies, crypto assets and crypto exchanges worldwide.


eToro has announced its application to the Cyprus Securities and Exchange Commission (CySEC) Crypto Asset Service Provider (CASP) register has been successful.

This registration will allow eToro to offer regulated crypto services to all EU countries on a cross-border basis from one single entity, once the EU’s Markets in Crypto-Assets Regulation (MiCA) comes into effect.

Dr Hedva Ber, deputy CEO at eToro, said: “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. 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 authorised and supervised by a number of regulatory authorities in multiple jurisdictions around the world including the FCA (UK), ASIC (Australia), GFSC (Gibraltar), FinCen and FINRA (United States). eToro is also registered as a digital asset provider with various local authorities including The Bank of Spain, the AMF (France), and BitLicense in New York state.

This move comes after ASIC announced it was suing the online investment platform eToro over an alleged failure to act honestly and fairly in the marketing of its contract for differences product, leaving 77% of retail clients out-of-pocket.


Comments: (0)


Join the discussion

 

Post Disclaimer

The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.

LEAVE A REPLY

Please enter your comment!
Please enter your name here