{"id":59870,"date":"2023-09-21T11:16:14","date_gmt":"2023-09-21T15:16:14","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=59870"},"modified":"2023-09-21T11:16:16","modified_gmt":"2023-09-21T15:16:16","slug":"etoro-secures-crypto-registration-in-cyprus-for-eu-expansion","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/etoro-secures-crypto-registration-in-cyprus-for-eu-expansion\/","title":{"rendered":"eToro Secures Crypto Registration in Cyprus For EU Expansion"},"content":{"rendered":"\n

According to Hedva Ber,<\/a> eToro's deputy CEO, Europe is “hugely important” to the company, as the majority of eToro's users are located there.<\/p>\n\n\n\n

\"eToro
eToro Secures Crypto Registration in Cyprus For EU Expansion<\/figcaption><\/figure>\n\n\n\n

eToro, a brokerage firm that supports cryptocurrencies, is expanding its crypto services globally after receiving regulatory sanctions in Europe.<\/p>\n\n\n\n

EToro has been registered as a Crypto Asset Service Provider (CASP) by the Cyprus Securities and Exchange Commission (CySEC),\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> the company announced on September 21.<\/p>\n\n\n\n

According to eToro, the registration will allow it to offer regulated crypto services to all European Union member states through a singular entity called eToro Europe Digital Assets. The registration will explicitly take effect in December 2024, when the EU's Markets in Crypto-Assets Regulation (MiCA) goes into effect.<\/p>\n\n\n\n

According to eToro's deputy CEO Hedva Ber, the registration demonstrates that eToro is \u201c100% ready to embrace a new era for crypto once MiCA comes into effect next year.\u201d According to the executive, Europe is “hugely important” to eToro, as most of its users reside in the region.<\/p>\n\n\n\n

By obtaining CySEC registration, other critical crypto firms, such as the Bybit exchange, have expanded their presence in the EU. In June, Binance applied to deregister in Cyprus, citing a desire to focus on “larger markets.”<\/p>\n\n\n\n

The recent crypto approval of Ad EToro in Cyprus follows a comparable regulatory achievement in Spain. The Bank of Spain authorized eToro's registration as an exchange of virtual currency for fiat currency and electronic wallet custody service provider in July 2023. <\/p>\n\n\n\n

Before this, eToro registered as a digital asset service provider with the French financial regulator, the Autorit\u00e9 des March\u00e9s Financiers.<\/use><\/svg><\/span><\/a> In April 2023, eToro made headlines when it partnered with Elon Musk's X (formerly Twitter) to help the social media platform introduce crypto and stock trading.<\/p>\n\n\n\n

The Australian Securities and Investments Commission filed a lawsuit against eToro in August over “volatile” trading products.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Hedva Ber, eToro’s deputy CEO, Europe is “hugely important” to the company, as the majority of eToro’s users are located there. eToro, a brokerage firm that supports cryptocurrencies, is expanding its crypto services globally after receiving regulatory sanctions in Europe. EToro has been registered as a Crypto Asset Service Provider (CASP) by the […]<\/p>\n","protected":false},"author":53,"featured_media":55884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,32],"tags":[],"class_list":["post-59870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto-exchange-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/CATHIE.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/59870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=59870"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/59870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/55884"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=59870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=59870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=59870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}