Growing crypto take-up by investors means future crypto crashes could affect conventional financial markets, the European Securities and Markets Authority has warned in a paper published on Tuesday, noting the risk of consumer rip-offs and operational failures. The document offers a first analysis of how officials at the agency see risks in the crypto market, as they prepare to take on new duties under the European Union’s Markets in Crypto Assets Regulation, MiCA. “Due to their volatile growth cycles, and as long as relevant regulatory provisions do not apply, crypto-assets entail numerous risks which may in future ... (full story)