Bank and financing
The European supervision authorities (EBA, EIOPA and ESMA, collectively ESAS) have issued a significant warning to consumers concerning the risks associated with investment in crypto assets. They point out that if crypto-actives represent innovative financial products that could improve the EU financial system, they also include significant risks, and the legal protections available for consumers can be limited depending on the type of crypto-actor and the services involved.
To help consumers sail in this complex landscape, the ESAS published an information sheet explaining the implications of the new EU regulatory framework called the markets in the regulation of cryptocurrencies (MICA), which entered into force in December 2024. Mica aims to create
