Chairman of the European Securities Market Authority: Even if the encrypted assets are not financial instruments, investors should be given clear risk warnings

Steven Maijoor, president of the European Securities Market Authority (ESMA), responded to the question of “theft of bitcoin prices and the collapse of the currency security. Is the focus on security of the crypto-investors low?” said a question: as a European regulator We (ESMA) have conducted extensive investigations on it. We have said that if crypto assets are similar to financial instruments, they need to be regulated like financial instruments, but even if crypto assets are not financial instruments, investors who want to invest in crypto assets It is also appropriate to obtain clear risk warnings and risk information.