February 12, 2018 BY Valentina Kirilova

ESMA warns on cryptocurrencies - volatility, transparency, exit options, disruptions...

The European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) (hereafter referred to as ‘the three ESAs’) are warning consumers on the high risks of buying and/or holding so-called Virtual Currencies (VCs). The VCs currently available are a digital representation of value that is…

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