The CSSF is aware of the attention paid in recent years by the general public and professionals to virtual assets. These assets exist in the form of tokens issued through distributed ledger technology and can have various characteristics.

Faced with such financial innovations, the CSSF promotes a neutral and prudent regulatory approach.

The CSSF’s message is therefore not limited to a warning but it invites investors to be cautious and recommends that they obtain information on virtual assets before making any decision. Virtual currencies, for example bitcoin, are a sub-category of virtual assets and are not suitable due to their volatility for all investor profiles.

It is therefore essential that any investor considering the acquisition of virtual assets understands the risks they present and the regulatory framework that applies to them. In this regard, virtual assets are governed in Luxembourg by the Law of 12 November 2004 on the fight against money laundering and terrorist financing (“AML/CFT Law”).

You can find in this section the publications issued by the CSSF on the subject of virtual assets.