The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) have issued a warning to consumers, reminding that crypto-assets can be risky and that legal protection, if any, may be limited depending on which crypto-assets they invest in.
This warning is accompanied by a factsheet explaining what the new EU regulation on Markets in Crypto-Assets (MiCA) means for consumers. The ESAs recommend concrete steps consumers can take to make informed decisions before investing in crypto-assets, such as checking if the provider is authorised in the EU.