EU Inflation Lead Investors to Cryptos ?
One of the largest organizations in the European markets, ESMA (European Securities & Markets Authority) warned that the rising inflation is expected to lead retail investors to cryptos
For the reason, the organization has called many times for the need for a regulatory framework around crypto investments, that will protect investors.
“Inflation will lead retail investors to look for new investments that will surpass the inflation rate, with the respective risk”
Last month, EU gave the right to ESMA to start proposing new regulatory framework for cryptos.
We wait to see how the regulations will develop in the EU as they will in our hands shortly.