eToro’s Registration Approval for Crypto Services
eToro, the trading and investment platform, has received approval for its application to register with the CySEC CASP (Crypto Asset Service Provider) registry. This registration allows eToro to offer regulated crypto services in all European Union countries through its entity, eToro (Europe) Digital Assets Ltd. This will take effect once the EU Cryptocurrency Markets Regulation (MiCA) is implemented in December 2024. Dr. Hedva Ber, deputy CEO of eToro, expressed excitement about the increased certainty and security that MiCA will bring to consumers and businesses in the crypto space.
eToro CEO Predicts Bitcoin’s Rise to $100,000
Yoni Assia, CEO of eToro, is optimistic about Bitcoin’s future despite recent price drops. In an interview, Assia stated that BTC is likely to reach a new all-time high by the end of 2024. He analyzed Bitcoin’s historical halving cycles and expects a similar upward trend in 2025, following the patterns observed in previous years. Assia predicts that Bitcoin could reach at least $100,000 by the end of 2025. Bitcoin’s next halving event is scheduled for April 2024.
Malta Prepares for MiCA Implementation
Malta is known for its enthusiasm towards cryptocurrencies and has already established regulations for digital assets under the Virtual Financial Assets Act (VFAA). As part of the implementation of the EU-wide MiCA regulations by December 2024, Malta is conducting a public consultation to gather advice and suggestions from its citizens. The new rules are expected to impact wallet management, cryptocurrency custody, and exchange functions. Malta has chosen to align its current regulations with MiCA rather than waiting for the laws to become operational after 18 months.
Hot Take: eToro and Malta Embrace Crypto Regulation
eToro’s approval for regulated crypto services and Malta’s preparations for MiCA implementation demonstrate the growing acceptance of cryptocurrencies and the need for clear regulations in the industry. eToro’s registration allows it to provide secure and reliable services to European investors, while Malta seeks input from its citizens to ensure effective implementation of MiCA. These developments promote certainty and security in the crypto space, attracting more participants and fostering innovation. As the crypto market continues to evolve, regulatory measures like these will play a crucial role in shaping its future.
By
By
By
By
By