The Comisión Nacional del Mercado de Valores (CNMV) has announced the removal of registered Virtual Asset Service Providers (VASPs), including Bit2Me, from its grey list. The updated list, reflecting compliance with regulatory standards, was published on the CNMV's website on January 15.
According to the CNMV, the grey list identifies entities operating in Spain without proper regulatory authorization or registration. These entities may potentially engage in unregulated financial activities such as fundraising or offering financial services. The list is based on internet and social media investigations and is not exhaustive. It does not assess whether the activities of these entities comply with current legal regulations.
The European Securities and Markets Authority (ESMA) states that the removal from the grey list follows the implementation of MiCA (Markets in Crypto-Assets) regulations within the European Union. MiCA introduces a transitional grandfathering framework that grants regulatory recognition to VASPs, ensuring a distinction between entities that comply with regulatory standards and those operating without proper authorization.
Databit Law & Compliance reports that as of January 2025, Bit2Me has been officially removed from the CNMV grey list, which includes entities operating without regulatory authorization in Spain. This follows Bit2Me's consistent compliance with regulatory requirements, including its registration with the Bank of Spain in February 2022. The update highlights Bit2Me’s commitment to transparency, legality, and client protection. In line with MiCA regulations, this marks a significant milestone for Bit2Me and the broader crypto sector, fostering trust and collaboration between the crypto industry and financial institutions.
According to their website, the National Securities Market Commission (CNMV), established by Spain's Securities Market Law 24/1988, is responsible for overseeing and regulating Spanish securities markets to ensure transparency, proper price formation, and investor protection. The CNMV also actively participates in international organizations such as IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).