Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Spanish regulators launch first-ever crypto advertising probe against tech firm for breaching promotion rules

Spanish regulators launch first-ever crypto advertising probe against tech firm for breaching promotion rules

CointimeCointime2023/11/08 18:15
By:Cointime

The National Securities Market Commission (CNMV) in Spain has launched its first-ever cryptocurrency advertising investigation against Miolos S.L. for two crypto-related campaigns that allegedly violated promotion rules. The CNMV claims that the campaigns failed to include warnings and relevant information about the risky nature of crypto assets and did not communicate with regulators before launching. The regulator is also investigating four other incidents related to similar breaches of crypto advertising. Firms must give the CNMV at least 10 days notice before advertising crypto assets to an audience exceeding 100,000 people.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!