EU financial regulators warn consumers on the risks of crypto assets

The European Supervisory Authorities (the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority) have warned consumers that many crypto assets are highly risky and speculative. They set out key steps consumers can take to ensure they make informed decisions.

This warning comes in the context of growing consumer activity and interest in crypto assets and the aggressive promotion of those assets and related products to the public, including through social media.