The Slovenia Securities Market Agency has published an investor warning as rising cryptoasset values are accompanied by increased activity from cryptoasset providers and more aggressive marketing that emphasises quick profits without adequately presenting risks. It cautions that many cryptoassets are highly speculative and volatile, can experience sudden and extreme price swings, are exposed to cyberattacks and an increasing number of fraud cases, and do not offer holders the same level of protection as traditional investment products, creating a risk of losing all funds. The agency notes that the EU Markets in Crypto-Assets Regulation (MiCA), in force since early 2025, does not protect investors when cryptoassets are offered or related services are provided by firms without authorisation from an EU supervisor, and that offerings from non-EU registered firms can involve lower legal certainty, higher fraud risk and limited avenues for redress. It reiterates that issuers must prepare a crypto-asset white paper with prescribed content, notify the competent regulator (the agency or the Bank of Slovenia) or obtain authorisation where required, comply with marketing rules, act fairly and professionally, and communicate in a fair and non-misleading manner, with additional strict organisational, governance, reserve-asset and capital requirements applying to issuers of e-money tokens and asset-referenced tokens. Investors are encouraged to verify their provider’s EU authorisation, gather detailed information, secure devices and private keys, invest only amounts they can afford to lose, and treat seminar-style pitches promising large gains with particular caution.
Slovenia Securities Market Agency 2025-07-31
Slovenia Securities Market Agency issues investor warning on cryptoassets and reminds firms of MiCA authorisation and disclosure duties
The Slovenia Securities Market Agency warned about increased cryptoasset activity and aggressive marketing, highlighting their speculative nature and lack of investor protection. The agency noted that the EU Markets in Crypto-Assets Regulation (MiCA) doesn't protect investors dealing with unauthorised firms and stressed compliance with regulatory requirements for issuers. Investors should verify EU authorisation, secure their assets, and be cautious with high-return promises.