The Comisión Nacional del Mercado de Valores (CNMV) has announced a list of warnings from international supervisors concerning unregistered entities, some of which offer cryptocurrency services. The warning was published on the CNMV's official website on February 26, 2025.
According to the CNMV, the warnings pertain to unregistered entities reported by international supervisors. These include Dobibo, Fameexn, and Toro500, which were flagged by Consob in Italy for unauthorized investment services. Other entities such as Trading42 Ltd, Fpmarketseu, and Allfinanz Plus received similar warnings. Additionally, Fininvestonline.com was identified as a cloned site misusing brand names. Entities like Straight Away Euros, Central Plus Finance, and Bigfxinvest were also flagged by the Central Bank of Ireland.
The CNMV issues these warnings to protect investors from unauthorized entities that provide investment services or engage in financial activities without proper registration or authorization. Such entities often operate outside regulatory oversight, increasing the risk of capital loss for investors. The CNMV collaborates with foreign regulators to share warnings about these entities with the aim of informing investors and reducing risks.
All registered Virtual Asset Service Providers (VASPs), including Binance and Bit2Me, are excluded from the CNMV grey list. This list identifies entities operating in Spain without regulatory authorization or registration as part of a regulatory update. According to DataBitlaw, this update applies broadly to entities that have transitioned to regulated status under Markets in Crypto-Assets Regulation (MiCA). The adjustment reflects these entities' alignment with European Union regulatory requirements during the grandfathering period.
The CNMV oversees Spain's securities markets to ensure transparency, accurate pricing, and investor protection. Established by the 1988 Securities Market Law, it supervises securities issuers, investment service providers, and collective investment schemes while focusing on market stability and system solvency. It manages public records of market participants and advises the government and Ministry of Economy on securities matters. Furthermore, it actively engages with international organizations such as the International Organization of Securities Commissions (IOSCO), European Securities and Markets Authority (ESMA), and Financial Stability Board (FSB).