Spain moves to rein in crypto-asset advertising
The Hindu
The new regulations will start from mid-February and allow the CNMV to specifically monitor advertising for all types of crypto assets and to include warnings about risks involved in such investment.
Spain moved on Monday to regulate rampant advertising of crypto assets, including by social media influencers, tasking the stock market supervisor with authorising mass campaigns and making sure investors are aware of risks.
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The rapid growth of cryptocurrencies and digital assets pegged to traditional currencies has drawn attention from regulators worldwide, who fear they could put the financial system at risk if not monitored.
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