Legal briefing

Spanish and European supervisory authorities issue fresh warnings on the risks of investing in crypto assets


This Information Briefing analyses the assessments made by the Spanish and European supervisory authorities on the risks for consumers in relation to crypto assets.

The European Supervisory Authorities for the financial system (EBA, ESMA and EIOPA) have issued a warning on the risks posed by crypto assets to consumers, stressing that they are not suitable as an investment or as a means of payment or exchange for most retail investors. Within Spain, the CNMV, the Bank of Spain and the Directorate General for Insurance and Pension Funds have published a joint communication announcing that they agree with the content of the ESAs’ warning and the assessment of the risks they identified.

The entire content of the Information Briefing can be found in the PDF.