Regulators around the world continue to keep the pressure fresh on crypto businesses. Spain’s National Securities Market Commission (CNMV) is the latest to issue a warning on several crypto- and financial market-related businesses for unregistered services.
According to the official document, CNMV has issued warnings on 12 entities on Monday for not being registered in the corresponding registry of the commission. The listed entities, which include major crypto trading platforms such as Huobi and Bybit, are unauthorized to provide investment services within Spain.
The CNMV’s consulting page states that only registered companies have the authorization to provide services related to securities. While the securities watchdog does not have the authority to directly ban an entity from operating in the country, the CNMV can appeal to the courts. A November report from Crypto Company Guide in Spain revealed about 120 crypto companies are already registered and operating in Spain.
Spain established a rather friendly environment for crypto firms last year. As Cointelegraph en…
