European financial watchdogs have urged investors to stay cautious, noting that not all crypto assets are covered by the EU’s new rules or offer the same level of protection.
European supervisory authorities, including EBA, Eiopa and Esma, have jointly warned consumers about the ongoing risks of investing in crypto and crypto-related assets, stressing that legal protection remains limited for certain types of assets and service providers under the EU’s new Markets in Crypto-Assets Regulation (Mica). In a statement and accompanying factsheet, the regulators have advised investors to verify whether their crypto provider is authorised in the EU, understand t