What is MiCA, and how does it affect me?

The Markets in Crypto-Assets (MiCA) regulation introduces a unified framework for crypto trading across the EU. Its purpose is to promote transparency, build trust in the market, and provide harmonised rules that ensure a consistent approach to cryptoasset services across Europe.

etoro has received authorisation under MiCA, allowing us to offer crypto services in line with these new European regulations across all EU member states.

MiCA aims to provide a harmonised approach to regulating cryptoassets, marking a significant shift from the previously fragmented and often unclear regulatory landscapes across different EU member states.

This means that businesses operating in the crypto sector across the EU will be faced with a consistent set of rules and standards. With MiCA, trading on etoro is aligned with the latest regulatory standards, designed to enhance confidence and reliability for crypto traders.

What is within the scope of MiCA?

MiCA regulates entities that issue and offer different cryptoassets for trading, including asset-reference tokens and e-money coins such as stablecoins. The MiCA regulations include strict requirements for transparency, disclosure, authorisation and supervision of transactions. MiCA also regulates financial entities such as crypto exchanges and crypto brokers, imposing requirements to ensure that investors are better informed about their associated risks, taking measures for safeguarding assets in custody, and preventing market abuse.

What does it matter that my broker is MICA-regulated?

etoro, as a MiCA-regulated broker, follows strict rules designed to protect you as an investor. This means we operate transparently, handle your investments responsibly, take measures to protect your assets, such as maintaining proper security protocols and keeping your funds separate from our own, and provide clear information about the assets we offer, the risks involved, and any fees you might incur.