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

  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025
  • News

Bitget Partners With Google Developer Group On Hackathon To Support AI Innovation

Bitget, a leading crypto exchange in the world, has joined forces with Google Developer Group…

October 22, 2025
  • News

Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges Amid Scam Allegations

Kadena has announced it was shutting down operations, sending its KDA price into a freefall.…

October 22, 2025
  • News

Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia

Hong Kong has officially approved the region’s first-ever Solana ETF in Asia. This comes as…

October 22, 2025