The European Authority warns cryptocurrency companies $BTC #TrumpTariffs #Write2Earn #BinanceHODLerLA against misleading customers

The European Securities and Markets Authority (ESMA) issued a warning on Friday to cryptocurrency companies against misleading customers regarding their regulatory status.

The regulatory body for securities in the European Union expressed concern that crypto asset service providers (CASPs) are offering both regulated and unregulated products on the same platforms.

This creates potential confusion for investors regarding which products are protected under the EU regulation on cryptocurrencies, known as MiCA.

ESMA highlighted that MiCA includes various measures to protect investors, such as rules for the protection of client assets and requirements for handling complaints.

However, the regulatory authority noted that some companies may use their regulatory status as a marketing tool, encouraging confusion between their regulated and unregulated offerings.

This warning represents the latest efforts by European authorities to address the risks associated with cryptocurrency investments and services.