ESMA Highlights Risks Related to Unregulated Products and Services for Crypto and Other Assets
The European Union’s securities watchdog, ESMA, has issued a statement warning investors of risks arising from investment firms providing both regulated and unregulated products and services for crypto and gold, among other assets, as well as some non-transferable securities.
These usually fall outside the scope of the EU’s existing financial services regulation but are offered as alternatives to financial instruments. ESMA remarked that retail investors often rely on the reputation of a provider and advised companies on how they should act in such cases.
#ESMA warns investors of risks that arise when investment firms offer both regulated and unregulated products and/or services.
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