24/7 Cryptocurrency News

Spain Enforces Crypto Ad Rules, Miolos S.L. Charged

Spain's CNMV initiates action against Miolos S.L. for flouting crypto ad rules, signaling tighter regulation.
Published by
Spain Enforces Crypto Ad Rules, Miolos S.L. Charged

Spain’s financial watchdog, the CNMV, has taken a decisive step in enforcing its crypto asset advertising regulations, initiating disciplinary proceedings against the technology provider Miolos S.L. This action marks a significant development in the regulatory oversight of crypto asset promotions in the country.

Advertisement

Spain Tightens Grip on Crypto Advertising

The CNMV’s move comes as part of its broader campaign to ensure compliance with the rules set in early 2022. These regulations demand that any mass campaign promoting cryptoassets to over 100,000 people receive prior authorization. Moreover, such promotions must transparently present the risks associated with crypto investments.

Miolos S.L. is under scrutiny for allegedly failing to adhere to these requirements in two of its recent advertising campaigns. Consequently, the CNMV has launched an inquiry to ascertain whether the firm neglected to provide adequate risk information and bypassed the necessary pre-notification process. Since introducing the new regulatory framework, this case is the first of its kind.

Advertisement

CNMV Eyes Social Media in Ad Crackdown

Additionally, the CNMV is scrutinizing various advertisements on social media platform X for potential breaches of the same regulations. The platform, recently privatized by entrepreneur Elon Musk, is being observed for its role in disseminating promotions by unauthorized entities. This highlights the regulator’s intent to extend its vigilance to online platforms, which are now required to verify the authorization status of advertisers.

Rodrigo Buenaventura, the head of the CNMV, emphasized the importance of adhering to the new rules at a financial event. He regards the ongoing proceedings as a reminder to all market participants of their obligations under the regulatory framework. The CNMV’s proactive stance also reflects a growing global concern among regulators regarding the stability and integrity of the financial system amid the burgeoning growth of digital assets.

Read Also: US House Censures Gary Gensler Over SEC’s Crackdown On Crypto

 

Advertisement

Share
Maxwell Mutuma

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025
  • Bitcoin News

U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy

The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease…

October 1, 2025
  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025