The Comisión Nacional del Mercado de Valores (CNMV) has issued warnings from international regulators regarding unregistered entities offering unauthorized financial and cryptocurrency services. These warnings were published on the CNMV's official website on April 3, 2025.
According to the CNMV, a list of warnings was received from international regulators about unregistered entities such as Monetizeer, Liberty Invested Limited, and Fameexn. These entities, which include both investment service providers and crypto platforms, have been flagged by regulators like CONSOB in Italy and FMA in Austria for operating without the necessary authorizations. Several of these entities are also suspected of fraudulently using the names of registered companies.
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. The commission says these entities often operate outside regulatory oversight, increasing the risk of capital loss for investors. It 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 a regulatory update. According to DataBitlaw, this update applies broadly to entities that have transitioned to regulated status under the Markets in Crypto-Assets Regulation (MiCA). The adjustment reflects the alignment of these entities 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. The commission manages public records of market participants, advises the government and Ministry of Economy on securities matters, and actively engages with international organizations like IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).