EU supervisory authorities warn consumers: high-risk crypto-assets with limited legal protection

Source: European Supervisory Authorities (EBA, ESMA, EIOPA)
Date: 06 October 2025
Official link: https://www.eba.europa.eu/publications-and-media/press-releases/eu-supervisory-authorities-warn-consumers-risks-and-limited-protection-certain-crypto-assets-and

Summary:
The ESAs remind consumers that some crypto-assets may involve high risks, extreme volatility and often lack the full legal protection granted to traditional financial products. They suggest checking whether the provider is authorised, understanding the product well and ensuring wallet security. (“Crypto-asset” = digital token/value; “phishing” = fraud via email or fake sites to obtain data; “malware” = harmful software stealing credentials; in this context, lack of regulation facilitates scams.)