The European Union (EU) regulator ESMA stated that despite all the regulations, there is no such thing as safe crypto money.
President of the European Securities and Markets Authority (ESMA) Verana Ross, addressed the risk of cryptocurrencies in a recent statement. Referring to the EU-enacted cryptocurrency law MiCA, Ross said that even with such regulatory tools No cryptocurrencies can be considered safe. stressed.
In the details of the statement made by Verena Ross to crypto companies intimidated by the following sentences:
We are committed to ensuring that organizations engaged in crypto-asset-related activities understand that they cannot use the EU’s territory as a testbed. We also want to remind consumers that even with the implementation of MiCA, there will be no such thing as a secure crypto asset.
On the other hand, the regulatory agency FTX The posting was also noteworthy. Some actors in the cryptocurrency world misuse customer funds reminding the ESMA front, pointed to the victimization caused by the FTX collapse. In addition, the hacking cases on the blockchain also provide investors with can cause serious harm highlighted.
MiCA, the regulatory law prepared by the EU for cryptocurrencies in 2024 scheduled to enter into force.