The Spanish securities regulator has recently hinted at investigating and sanctioning X (formerly known as Twitter) for allowing unlicensed providers to post crypto ads. According to Spanish law, social networks and other service providers must verify that ad campaigns come from authorized financial service providers.
Spanish Securities Regulator Hints at Taking Actions Against X
The Spanish securities regulator, the National Stock Market Commission (CNMV), hinted at taking action against X, formerly known as Twitter, for allowing unauthorized financial services providers to run crypto ads on its platform. Rodrigo Valbuena, president of the CNMV, stated that the institution had recently detected several ads on X’s platform that did not comply with the current crypto advertisement regulation.
At the Deloitte-ABC financial meeting, Valbuena described these ads, explaining that:
The advertising pieces illicitly use the image of some Spanish actors and impersonate the design and identity
We współpracy z: https://news.bitcoin.com/spanish-securities-regulator-hints-at-probing-x-for-hosting-crypto-ads-for-unlicensed-organizations/
