The National Securities Market Commission (CNMV) has announced its latest list of warnings concerning unregistered financial and cryptocurrency service entities, as reported by international supervisory authorities.
According to the CNMV, the list includes entities such as NLPOYO.VIP, FINTREX (fintrex.net), and TRADEDIGITALPRO (tradedigitalpro.com), which have been flagged by the Netherlands Authority for the Financial Markets (AFM). The CNMV's website provides additional details and warnings from European regulators, along with a search tool. Warnings from non-European regulators can be accessed through the Investor Alerts section on the International Organization of Securities Commissions (IOSCO) website.
The CNMV issues these warnings to protect investors from unauthorized entities that offer 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 commission 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 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. 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 IOSCO, the European Securities and Markets Authority (ESMA), and the Financial Stability Board (FSB).