European Securities and Markets Authority ( ESMA), with crypto offersin order not to mislead consumers. warned companies in the European Union.
Crypto regulations (MiCA), which started to become clear in the European Union, continue to shed light on the industry day by day. As a result of these regulations, new moves are coming from authorities and organizations. Crypto companiesWhile flocking to Europe, the attitude of the regulatory authorities draws attention.
Finally ESMAon crypto moves by institutions that have received regulatory approval to offer traditional financial products. He urged them to be careful.
ESMA is Mindful of Crypto
European Securities and Markets Authority ( ESMA), organizations that offer crypto to their customers He said he had to be careful.
European regulatory body ESMAreferred to companies offering traditional financial products. ESMA, said that these companies should not impose false feelings of security on customers when providing services on crypto.
ESMAWhat ‘s attention here is due to the fact that cryptocurrencies are in the risky asset class and move with high volatility. According to ESMAcompanies that provide services related to traditional financial products, crypto- service their submission in case ofInvestors should be approached with caution.
Available Europe union rules ensure that investment instruments are presented to customers in an appropriate manner. However, crypto is not yet fully clear on this issue. MiCA It is also said that it will leave regulatory gaps until it comes into force in 18 months. Highlighting all these ESMAto companies that will attract customers with their crypto offering warned.
