The National Securities Market Commission (CNMV) has released a list of warnings concerning unregistered financial and cryptocurrency service entities, as reported by international supervisory authorities. This list includes companies such as G&P Antwerp C.S. LLC, Blueroock Horizon Asset Management, and Investium Group. These entities have been flagged by supervisors in countries including the Netherlands, Italy, Austria, and Belgium for offering investment services without proper authorization. In some cases, local authorities have blocked access to their websites. The CNMV advises the public to consult its website for more information on unauthorized entities and regulatory warnings.
According to the CNMV, these warnings are issued 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. To avoid confusion, some unauthorized firms falsely use the CNMV's name to present themselves as legitimate, creating a misleading sense of security. The CNMV collaborates with foreign regulators to share warnings about such entities with the aim of informing investors and reducing risks. It also offers a search engine for investors to verify whether an entity is authorized.
DataBitlaw reports that 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. The update applies broadly to entities that have transitioned to regulated status under the Markets in Crypto-Assets Regulation (MiCA). This 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. Established 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 the International Organization of Securities Commissions (IOSCO), European Securities and Markets Authority (ESMA), and Financial Stability Board (FSB).