{"id":45922,"date":"2022-03-18T11:58:55","date_gmt":"2022-03-18T10:58:55","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=45922"},"modified":"2022-03-18T11:58:55","modified_gmt":"2022-03-18T10:58:55","slug":"crypto-investors-can-lose-all-their-money-eu-regulators-says","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/crypto-investors-can-lose-all-their-money-eu-regulators-says\/","title":{"rendered":"Crypto Investors Can Lose all their Money, EU Regulators Says"},"content":{"rendered":"
In the latest warning, EU financial regulators<\/a> have again warned that crypto investors can lose all the money<\/strong> they have invested in this sector as there are currently no measures to protect consumers.<\/p>\n <\/p>\n In a joint statement<\/a> on Thursday, March 17, European Supervisory Authorities (ESAs), which consists of the European Banking Authority (EBA), European Securities and Markets Authority (ESMA), and European Insurance and Occupational Pensions Authority (EIOPA), said that most of the crypto assets in the market were highly risky and speculative and investors could lose their if they buy these assets.<\/strong><\/p>\n The statement reads:<\/p>\n \u201cThe European Supervisory Authorities (EBA, ESMA, and EIOPA \u2013 the ESAs) today warn consumers that many crypto-assets are highly risky and speculative. The ESAs set out key steps consumers can take to ensure they make informed decisions.<\/em><\/p>\n This warning comes in the context of growing consumer activity and interest in crypto-assets and the aggressive promotion of those assets and related products to the public, including through social media.\u201d<\/em><\/p>\nRetail Crypto Investors are More Vulnerable<\/strong><\/h2>\n