Crypto sector regulation still patchy
“While innovative financial products, including crypto assets, may enhance the efficiency, resilience, and competitiveness of the EU’s financial system, consumers should be mindful that not all crypto assets are the same,” the regulators said. Investor protections vary depending on the types of crypto assets and crypto services that are involved, they added.
“Not all crypto assets and crypto asset services are equal, nor are they regulated in the same way (if at all),” regulators warned. “While a new regulation known as MiCA is now in place in the EU and regulates activities involving certain crypto assets, most crypto assets typically remain volatile and highly risky.”
In particular, the regulators…
