In March, the European Supervisory Authorities (ESAs) issued a joint warning reminding consumers that the majority of crypto-assets remain unregulated. Even though some virtual asset service providers now fall within the scope of national AML/CFT regimes and the legislative proposal for an EU Regulation in Markets for Crypto Assets (MiCA) has now been published, the negotiations between EU legislators are ongoing and the Regulation does not yet apply. This is why consumers buying or holding crypto assets do not yet benefit from the guarantees and safeguards associated with regulated financial services.