European securities regulator warns about crypto firms misleading customers

Europe’s securities regulator warned crypto companies on Friday not to mislead customers about the extent to which their products are regulated – the latest sign of European authorities trying to limit crypto-related risks.

The European Union’s crypto regulation, MiCA, includes various measures to protect investors, such as rules around how client assets are safeguarded and requirements for handling complaints, the European Securities and Markets Authority (ESMA) said in a statement.

But the practice of crypto asset service providers (CASPs) offering…