eToro obtains crypto registration from CySEC

The crypto-friendly broker eToro has been awarded a registration from Crypto Asset Service Provider (CASP) to the Cypriot regulator CySEC.

This Thursday, eToroa platform for investing in various asset classes including cryptocurrencies such as Bitcoin, has announced that its application form to the register CASP (Crypto Asset Service Provider) of the Cyprus Securities Exchange Commission had been approved.

According to the announcement, registration will enable eToro to offer regulated crypto services in the EU from a single entity: eToro (Europe) Digital Assets Ltdonce the MiCA regulation comes into force.

Europe is an extremely important region for eToro, as the majority of our users are located in this region. We aim to continue offering European investors direct access to a wide range of crypto-assets […] This CySEC registration will greatly facilitate the achievement of this goal in a post-MiCA Europe, enabling us to provide a more fluid and efficient offering,” said Hedva Ber, Deputy CEO of eToro, in a statement shared with RoyalsBlue.com.

eToro was already registered with CySEC in order to provide its investment services in the EU. The broker has also held a PSAN registration in France since summer 2022.

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