Influencers with more than 100,000 followers will now have to notify the CNMV on the content of promotions related to crypto.
Spanish regulators are pushing to control the way cryptocurrencies are marketed, with new restrictions on influencers' promotions.
The Comisión Nacional del Mercado de Valores , the government agency responsible for the financial regulation of the securities markets in Spain,Posts promoting crypto-assets must now include the following disclaimer:"Investments in crypto-assets are not regulated. They may not be appropriate for retail investors and the full amount invested may be lost."
So-called influencers or outlets with more than 100,000 followers in the region will now have to notify the CNMV on the content of promotions related to crypto with at least 10 days notice. Fines for non-compliance are capped at €300,000 and could be doled out to crypto companies, PR firms and individual influencers. The new rules will come into force in February.
While this is seemingly a first for the EU, several other nations have moved to control how crypto firms advertise their services in recent months. The UK's Advertising Standards Authority is in the process of creating new guidelines for the industry, having said their regulation is a
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Spain to Impose Restrictions on Crypto Promotions: ReportIn an EU first, Spain is imposing restrictions on influencers' promotion of crypto assets. The head of Spain's markets watchdog described influencers as 'a backdoor to avoid regulation.' By JamieCrawleyCD
Consulte Mais informação »
Spain to Impose Restrictions on Crypto Promotions: ReportIn an EU first, Spain is imposing restrictions on influencers' promotion of crypto assets. The head of Spain's markets watchdog described influencers as 'a backdoor to avoid regulation.' By JamieCrawleyCD
Consulte Mais informação »
How to Get Started With Binance Code | Binance BlogDiscover Binance Code—our latest crypto transfer gateway for everyday users and crypto or non-crypto businesses.
Consulte Mais informação »
Crypto Influencer Cooper Turley Removed From FWB Over 2013 Bigoted Tweets.FWBtweets has decided to remove Cooopahtroopa from the DAO's leadership after tweets with racial and homophobic slurs were unearthed earlier this week. lil_smush reports
Consulte Mais informação »
What Covid-19 Vaccine Did You Get? You Probably Don’t Know Its Name.Two of the world's biggest Covid-19 vaccines have basked in publicity for a year, but few people know their names. Introducing Comirnaty and Spikevax.
Consulte Mais informação »
Australian football league secures $25M deal with Crypto.comThe AFL's women's league AFLW has secured a sponsorship deal with digital assets exchange Crypto.com in what will be the first major crypto sports sponsorship in Australia.
Consulte Mais informação »