The National Securities Market Commission (CNMV) has announced a list of warnings concerning unregistered financial and cryptocurrency service entities, reported through international supervisory authorities.
According to the CNMV, the list includes warnings from international financial regulators about firms offering financial or crypto services without proper authorization. These firms include Sybbex Limited, warned by Ireland’s Central Bank (CBI); Startwaypro, flagged by the Netherlands’ Authority for the Financial Markets (AFM); and Smarter Habitat GmbH & Co. KG, noted by Germany’s Federal Financial Supervisory Authority (BaFin) for offering investment products without a required prospectus. Further warnings and a search tool are available on the CNMV website, with additional alerts from non-European authorities accessible through the International Organization of Securities Commissions' (IOSCO) platform.
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. 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's 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 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 while focusing on market stability and system solvency. It manages public records of market participants, advises the government and Ministry of Economy on securities matters, and actively engages with international organizations like IOSCO, the European Securities and Markets Authority (ESMA), and the Financial Stability Board (FSB).