ESMA, EBA and EIOPA warn consumers on the risks of Virtual Currencies

ESMA, EBA and EIOPA warn consumers on the risks of Virtual Currencies. 

The European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) (hereafter referred to as ‘the three ESAs’) are warning consumers on the high risks of buying and/or holding so-called Virtual Currencies (VCs).