The European Securities and Markets Authority (ESMA) is raising concerns about the risks associated with crypto assets in the EU, even with the implementation of the MiCA regulation. Despite the sector’s growth, ESMA warns that crypto still presents a significant threat to financial stability.
ESMA Executive Director Natasha Cazenave has publicly voiced these concerns, urging individuals to exercise caution and avoid succumbing to the hype surrounding crypto assets without fully understanding the inherent risks. The regulatory body emphasizes the importance of informed decision-making when engaging with crypto, highlighting the potential dangers that remain despite regulatory efforts. ESMA’s stance reflects an ongoing commitment to monitoring and mitigating risks within the evolving crypto landscape.
