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A 2022 applicability table is insufficient for today’s entity analysis. The current contract places UK copy trading and securities custody with eToro UK while drawing separate boundaries for crypto services and compensation.
FXBrokers.ai reconstructed eToro’s 2025 revenue bridge and found that 93.7% of the reported top line was reversed by cryptoasset cost and margin-interest expense before operating costs. The filing is internally consistent, but the gross presentation can radically distort comparisons with brokers that report principally on a net basis.
The enhancement maps direct and indirect exposures into four prudential groups, while banks retain responsibility for classification and supervisory review.
Two withdrawals remove prospective transaction-reporting systems from the US rulemaking pipeline. Banks and crypto businesses still need to distinguish those abandoned proposals from the duties attached to their existing activities.