Crypto Update - Steps forward towards a more regulated environment
The high volatility and risky nature of the crypto market is already a well-known fact. Whilst the enthusiasm for crypto currencies is a continuously rising trend, with the crypto market seeking to develop new and appealing features as we speak (e.g., crypto lending), we are still referring to a market under development, lacking sufficient and adequate regulation. It is for this reason that the interest of European regulators seems to have significantly increased in the past few years, with a series of joint warnings being issued addressing the matter of the risks to which customers are exposing themselves when entering the crypto game. Despite these joint statements and the focus on individual consumers, there is still an ongoing debate on who will take the lead in terms regulatory matters.
In this alert you will read more about regulatory aspects on the crypto-market, including the supervisory warnings and the general focus on individual consumers, as well as the challenges ahead.