ESMA - Crypto-assets need common EU-wide approach to ensure investor protection

ESMA has been working with NCAs on analysing the different business models of crypto-assets, the risks and potential benefits that they may
introduce, and how they fit within the existing regulatory framework. Based on this work, ESMA has identified a number of concerns in the current financial regulatory framework regarding crypto-assets. At a minimum, ESMA believes that AML requirements should apply to all cryptoassets and activities involving crypto-assets. There should also be appropriate risk disclosure in place, so that consumers can be made aware of the potential risks prior to committing funds to crypto-assets.