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European Insurance and Occupational Pensions Authority
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Crypto-assets: ESAs remind consumers about risks

Detaljer

Publikationsdato
17. marts 2021

Beskrivelse

As crypto-assets, including so-called virtual currencies such as Bitcoin, continue to attract public attention, the European Supervisory Authorities (EBA, EIOPA and ESMA – together the ‘ESAs’) recall the continued relevance of their previous warnings.

The ESAs remind consumers that some crypto-assets are highly risky and speculative and, as stated in the ESAs’ February 2018 joint warning, consumers must be alert to the high risks of buying and/or holding these instruments, including the possibility of losing all their money.

Additionally, crypto-assets come in many forms but the majority of them remain unregulated in the EU. This means that consumers buying and/or holding these instruments do not benefit from the guarantees and safeguards associated with regulated financial services.

In September 2020, the European Commission presented a legislative proposal for a regulation on markets in crypto-assets. Consumers are reminded that the proposal remains subject to the outcome of the co-legislative process and so
consumers do not currently benefit from any of the safeguards foreseen in that proposal because it not yet EU law.

Filer

31. JANUAR 2023
Crypto asset risks-ESA update.pdf
English
(103.75 KB - PDF)
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