Summary
TLDR: The security regulator in Spain warns investors about 18 crypto companies operating without licenses in the country. Investors are advised to be cautious and thoroughly research before engaging in trading activities on these exchanges. Regulatory measures are being implemented to protect investors and ensure better understanding of crypto investment risks.
Key Points
1. The security regulator in Spain has issued a warning about 18 crypto companies operating without the proper licenses, advising investors to exercise caution and conduct thorough research before trading on these platforms.
2. The listed companies, including Top Tier Capital and BitBinx, are not authorized to provide investment services or advice in Spain, as they are not regulated under CNMV legislation.
3. In response to regulatory measures, crypto firms are refining their advertising tactics to better protect investors and comply with rules, with the CNMV taking disciplinary action against companies like Miolos S.L. for violating crypto promotion rules.