Consumers of EU financial regulators about cryptocurrencies increasing in popularity after the cryptocurrency donation campaign launched for Russia-occupied Ukraine cryptocurrencies warned about.
“You Can Lose All Your Money!”
European Securities and Markets Authority (ESMA), European Banking Authority (EBA) and European Insurance and Pensions Authority (EIOPA) In a joint statement by consumers, cryptocurrency investment He was told to be careful while doing it.
Crypto assets The following statements were used in the statement, which was emphasized as extremely risky:
“Consumers purchasing cryptocurrencies may face the possibility of losing all their invested money.”
Reminding that services related to cryptocurrencies are excluded from the protection under the current EU financial service rules, EU regulators drew attention to the need to take necessary measures to protect consumers.
Attention to Social Media Ads!
of investors cryptocurrenciesThe following points were mentioned in the statement, which states that it should be vigilant against misleading and deceptive advertisements regarding i:
“Investors should be alert to the risks of misleading advertising, including through social media and influencers.
He should be especially wary of promised quick or high returns that seem too good to be true.”
The statement also touched on the sanctions imposed on Russia.EU regulators welcome the statement of the Council of the European Union on the scope of restrictive measures against Russian and Belarusian entities and individuals, in order to ensure the proper enforcement of sanctions. ” expressions were used.