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European Securities and Markets Authority (ESMA) in a paper on Tuesday warned investors that crypto assets are highly risky and may bring financial instability in the future. The ESMA asserts growing links between crypto and traditional markets need increased monitoring and regulatory oversight. The paper shows how European Union officials see risks in the crypto market amid the MiCA regulatory framework adoption.
European Securities and Markets Authority Outlines Risks in the Crypto Market
The European Securities and Markets Authority (ESMA) released a paper titled “Crypto-assets and their risks
for financial stability” on October 4. According to the paper, crypto assets risk massive losses for investors and companies. The growing relationship between the crypto market and the traditional market is a concern for regulators globally.
ESMA believes that the interlinkages between crypto and traditional markets are limited now, but cryptocurrencies can pose risks of financial instability in traditional markets in the
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