European securities regulator warns about crypto firms misleading customers


FILE PHOTO: Representations of the Bitcoin cryptocurrency are seen in this picture illustration taken June 7, 2021. REUTERS/Edgar Su/Illustration/File Photo

PARIS (Reuters) -Europe's securities regulator warned crypto companies on Friday not to mislead customers about the extent to which their products are regulated - the latest sign of European authorities trying to limit crypto-related risks.

The European Union's crypto regulation, MiCA, includes various measures to protect investors, such as rules around how client assets are safeguarded and requirements for handling complaints, the European Securities and Markets Authority (ESMA) said in a statement.

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