ESMA — Warning on Crypto-assets (Dec 2024)

**URL:** https://www.esma.europa.eu/document/warning-crypto-assets

Key quotes

Despite new MiCA protections, the **inherent risks of investing in crypto assets remain**.

Many crypto-assets are **highly speculative and volatile**, with prices subject to sudden and extreme fluctuations.

Services from **non-EU firms** entail lower safeguards, heightened risks of **fraud and scams**, and **limited recourse**.

Criteria: YY04, YY06, YY11