Many cryptocurrencies are high-risk and highly speculative, European regulators warn consumers, stressing that they are "not suitable as an investment or as a means of payment or transaction for most retail consumers". [IN A JOINT STATEMENT, THE EUROPEAN SUPERVISORY AUTHORITIES (ESAS), WHICH INCLUDE THE EUROPEAN BANKING AUTHORITY (EBA), THE EUROPEAN SECURITIES AND MARKETS AUTHORITY (ESMA) AND THE EUROPEAN INSURANCE AND OCCUPATIONAL PENSIONS AUTHORITY (EIOPA), WARN THAT "CONSUMERS FACE A REAL RISK OF LOSING THE ENTIRE AMOUNT OF MONEY THEY INVEST IF THEY BUY THESE ASSETS."
"Consumers should be aware of the risks of misleading advertising, including on social media" and through those that influence public opinion
(CNA)
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