3 EU Watchdogs Warn Over ‘High Risks’ of Crypto Investment
The three European Supervisory Authorities have released a warning on the risks involved with investing in cryptocurrencies.
ESMA
A group that advises the EU's securities watchdog has recommended regulating most crypto assets under existing financial rules.
ESMA intends to report on how it may regulate ICOs by the end of 2018, chair Steven Maijoor told a European Parliament committee.
Citing concerns about digitalization risks to financial markets, ESMA plans to focus more on crypto regulation this year.
The EU's financial markets watchdog is setting aside over €1 million in order to monitor cryptocurrencies and other fintech activities in 2019.
The EU markets watchdog has agreed a temporarily change in the leverage limts for cryptocurrency derivative contracts in the region.
ESMA
