European financial supervisory authorities warn consumers about the risks associated with crypto assets and the limited protection offered to them.

The three European financial supervisory authorities (EBA, ESMA, EIOPA) have issued a joint warning about the risks of crypto assets, emphasizing that consumer protection is limited. The warning reiterates that not all crypto assets are uniformly regulated, and most are volatile. The ESAs recommend that consumers understand the risks, check the authorization of providers, and ensure the security of the devices used for transactions. The document includes an informational sheet to clarify the MiCA regulations and the types of available crypto assets.