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Crypto broker eToro secures CySEC CASP approval, positioning itself to expand service s across the EU under the upcoming MiCA regulations in December 2024. In addition to the latest CASP license, eToro is authorized in various jurisdictions worldwide, including the UK, Australia, Cyprus, Gibraltar, and the USA. The broker also has digital asset provider registration with multiple countries, including Spain and France. eToro services in EU According to Financial Magnate, the broker can offer cryptocurrency services in all EU countries on a cross-border basis from one entity, eToro (Europe) Digital Assets Ltd. This will become possible in December 2024, when the EU Markets in Crypto Assets (MiCA) regulation comes into force. “This registration signals that we are 100% ready to embrace a new era for crypto once MiCA comes into effect next year.” Dr Hedva Ber, Deputy CEO at eToro Europe is an essential region for the company, she added. This region is home to the majori...

One-quarter of asset managers and hedge funds in the US and Europe have recruited senior executives to oversee digital asset strategies, according to a recent report. Based on the findings of a market intelligence firm, an increasing number of investment firms in the United States, United Kingdom, and Europe are appointing senior executives to lead digital asset investment strategies. According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness about implementation as well as senior management buy-in.” Organizations with a senior role dedicated to dedicated asset strategy implementation. Source: Amberdata The report surveyed 60 investment professionals across the United St...

Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022. 2022 was a turbulent year for the crypto space, to say the least; from an ongoing bear market and crash for LUNA to the downfall of FTX one of the industry’s most prominent players. Despite the setbacks, VC investors continued to show support for crypto startups. According to a new study released by European investment firmRockawayX, VC investment in crypto startups based in Europe reached its all-time high in 2022 with $5.7 billion invested European DeFi Startups hit $1.2 billion in 2022, which is a 120% increase from the previous year’s Investments of $534 million Viktor Fischer, the CEO of RockawayX, pointed out that the crypto market is cyclical and during the 2018 winter, “the total digital asset market cap fell by 80%, but startup funding activity held steady.” “Investments made when digital asset prices were depressed materialized in tech ...