European regulators warned investors recently that they could face financial ruin by investing in cryptocurrencies.

The advisory came from the European Union’s securities, banking and insurance realm on March 17th. In the statement, regulators pulled no punches in their assessment of cryptocurrency investing.

“Consumers face the very real possibility of losing all their invested money if they buy these assets,” the EU administrators noted.

The statement is the latest broadside the EU has leveled at the crypto sector.

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