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This is their checklist [1]: • can you afford to lose all the money you invest? • are you ready to take on high risks to earn the advertised returns? • do yo
by Quanttek 5y ago
This is their checklist [1]:
• can you afford to lose all the money you invest?
• are you ready to take on high risks to earn the advertised returns?
• do you understand the features of the crypto-asset or related products and services?
• are the firms/parties you are dealing with reputable?
• are the firms/parties you are dealing with blacklisted by the relevant national authorities?
• are you able to protect effectively the devices you use for buying, storing or transferring crypto-assets, including your private keys?
Pretty basic for those in-the-know but useful for new investors lured in by easy money.
[1]: https://www.politico.eu/wp-content/uploads/2022/03/16/Joint-ESAs-warning-on-risks-of-crypto-assets_EMBARGOED-UNTIL-17-3-2022-AT-11H00-CET.pdf https://www.politico.eu/wp-content/uploads/2022/03/16/Joint-...