The National Securities Market Commission (CNMV) has released a list of warnings concerning unregistered financial and cryptocurrency service entities reported by international supervisory authorities.
According to the CNMV, warnings have been issued about multiple unregistered entities identified by international regulators. These include numerous fraudulent websites and email addresses impersonating legitimate financial firms such as INTER FUND MANAGEMENT S.A., Golding Capital Partners, and CFR Invest S.A. These unauthorized operators, primarily active in Luxembourg, the Netherlands, and Italy, use deceptive contact information to mislead investors. The CNMV advises verifying firms through official regulatory sources to avoid potential scams and financial losses.
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. According to the CNMV, these entities often operate outside regulatory oversight, increasing the risk of capital loss for investors. The commission also collaborates with foreign regulators to share warnings about such entities, aiming to inform investors and reduce risks.
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). 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 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 (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).