eToro has been approved by the Cyprus Securities and Exchange Commission (CySEC) to operate as a Crypto Asset Service Provider (CASP). This registration will allow eToro to offer crypto services across the European Union once the EU’s Markets in Crypto-Assets (MiCA) regulation goes into effect in late 2024. MiCA is an effort to harmonize crypto regulations across Europe.

Dr. Hedva Ber, deputy CEO of eToro, said that the registration “signals that we are 100% ready to embrace a new era for crypto once MiCA comes into effect next year.” eToro is a platform for retail trading in stocks, ETFs, and crypto, and has over 30 million users in more than 140 countries.

eToro is already regulated in multiple jurisdictions including the U.K., Australia, Gibraltar, and the US.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇮🇱 🇨🇾 🇬🇧 🇦🇺 🇬🇮 🇺🇸
Sentiment	positive
Relevance Score	10
People	Dr. Hedva Ber,
Companies	eToro, Cyprus Securities and Exchange Commission (CySEC), Markets in Crypto-Assets (MiCA), European Union, Israel
Currencies	None
Securities	None