EToro Receives MiCA License for Cryptocurrency Services in EEA
EToro received regulatory approval under the EU's Markets in Crypto-Assets (MiCA) framework, allowing it to offer cryptocurrency trading and custody services across the region. The Cyprus Securities Exchange Commission granted this approval.
Key points:
- MiCA regulation requires a crypto asset service provider license (CASP).
- MiCA took effect in December, creating a standard legal framework for crypto services in the EU.
- Approval extends to Iceland, Liechtenstein, and Norway.
- EToro joins other licensed platforms like Bitpanda, OKX, and Crypto.com.
- EToro obtained a New York license in 2023 and registered in the U.K. in 2022.