eToro has obtained a Cyprus MiCA license to provide crypto services throughout the European Economic Area

PANews reported on February 19 that eToro announced that it has obtained a license under the European Market Crypto Assets (MiCA) framework and will be able to provide cryptocurrency trading and custody services in all 30 European Economic Area countries. The license is granted by the Cyprus Securities and Exchange Commission. MiCA regulations require companies to obtain a crypto Asset Service Provider (CASP) license, which was fully effective in December 2023, establishing a unified legal framework for crypto services that applies to 27 EU member states, as well as non-income countries such as Iceland, Liechtenstein and Norway. EU countries.