The European Supervisory Authorities (AES) warned customers that crypto-currencies are "Highly Risky" ] "Obvious Signs of a Price Bubble" in a pan-European warning to consumers published on February 12.

The ESAs are composed of the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) .

According to the AES, the high risk associated with investment in cryptocurrency means that investors may […] lose a significant amount. "The SEC warns consumers that VCs (virtual currencies) are highly risky and unregulated products and are unsuitable for investment, saving or retirement planning."

products. "

The warning, published on the website of ESMA, accompanies d & # 39; an introduction that explains the fear that too many people invest in crypto without fully understanding the risks.

brings to the fore the idea that unregulated trade is not protected because of its existence outside of global financial regulations, which means that a customer's losses like a cyberattack would not be covered by European law.

investors to protect themselves:

" You should not invest money that you can not afford to lose. "

ESMA had already warned its customers in November 2017 (ICO), citing the same reasons for a lack of investor understanding and problems with the activities s unregulated financial.

The latest warning from AES comes after the European Central Bank (ECB) told CNBC on Feb. 7 that crypto regulation is "not high on the list of things to make." Conversely, on 8 February, a member of the Executive Board of the ECB described the cryptocurrency as "contagion" and "contamination".