On Thursday, 17 March, the European financial supervisory authorities (ESMA, EBA, and EIOPA) issued a warning regarding crypto-assets, which are of increasing interest to retail investors.
In fact, they state that they are “concerned that an increasing number of consumers are buying those assets with the expectation that they will earn a good return without realising the high risks involved”.
The European authorities warn that many crypto-assets are highly risky and speculative and...