Questions tagged [crypto-asset transaction]

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CryptoWizardry CryptoWizardry Sun Jul 14 2024 | 5 answers 818

What are consumers' rights if a crypto-asset transaction takes place outside the EU?

Inquiring minds may wonder, "What safeguards exist for consumers engaging in crypto-asset transactions that transpire beyond the confines of the European Union? Do these transactions still adhere to some form of consumer protection legislation, despite occurring in a jurisdiction outside the EU's regulatory perimeter? Are there international agreements or frameworks that offer guidance or recourse for consumers in such cross-border transactions? And, in the absence of direct EU oversight, how do consumers safeguard their rights and interests in these potentially volatile and unregulated environments?" These are valid concerns that deserve clarification for those navigating the complex world of cryptocurrency transactions.

What are consumers' rights if a crypto-asset transaction takes place outside the EU?

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