The Comisión Nacional del Mercado de Valores (CNMV) has issued warnings from international regulators concerning unregistered entities, including some offering cryptocurrency services. These warnings were published on the CNMV's official website on March 19, 2025.
According to the National Securities Market Commission (CNMV), a list of warnings has been published regarding unregistered entities such as Spazio Finanziario, Htxcoin-Az, Stock Credit Wallet, Coinbank Exchange, Capitalgates, and Bunkerwallet. These entities have been reported through international supervisors for offering investment opportunities without proper authorization. Regulatory bodies like CONSOB in Italy, FSMA in Belgium, and AFM in the Netherlands have flagged multiple entities involved in fraudulent schemes like recovery rooms and have ordered internet service providers to block access to these unauthorized platforms.
The CNMV says it issues warnings to protect investors from unauthorized entities that provide investment services or engage in financial activities without proper registration or authorization. These entities often operate outside regulatory oversight, increasing the risk of capital loss for investors. The CNMV also collaborates with foreign regulators to share warnings about such entities, aiming to inform investors and reduce 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 the regulatory update. According to DataBitlaw, the update applies broadly to entities that have transitioned to regulated status under the 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. Created by the 1988 Securities Market Law, it supervises securities issuers, investment service providers, and collective investment schemes with a focus on market stability and system solvency. It manages public records of market participants and advises the government and Ministry of Economy on securities matters while actively engaging with international organizations like IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).