Scheda

ESMA issued a public statement warning investors of the ‘halo effect’ that can lead to overlooking risk when authorised crypto-asset service providers (CASP’s) offer both regulated and unregulated products and/or services.

The statement also reminds CASPs of the issues that they should consider when providing unregulated products and services, recommending that they should be particularly vigilant about avoiding any client confusion regarding the protections attached to unregulated products and/or services. To avoid any misunderstanding CASPs should clearly communicate the regulatory status of each product or service in all client interactions and at every stage of the sales process