The Comisión Nacional del Mercado de Valores (CNMV) announced the removal of registered Virtual Asset Service Providers (VASPs) from its grey list. The updated list 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.
According to Databit Law, all registered VASPs, including Binance and Bit2Me, have been removed from the CNMV grey list as part of the regulatory update, which includes entities operating without regulatory authorization in Spain. This change applies to entities that have transitioned to regulated status under MiCA regulations.
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).