Spain has introduced tough new rules surrounding crypto ads and promotions 🇪🇸 Influencers who are paid for promoting projects will be particularly affected 👀
Anyone planning to launch a mass advertising campaign targeting at least 100,000 people must get in touch with regulators first — 10 days in advance.
Why Now?Spain is introducing tough new measures surrounding crypto advertisements.Under the measures, advertisers will need to provide "clear, balanced, impartial and non-deceptive content" on the risks involved with investing in digital assets — along with a disclaimer that the industry isn't regulated, may be unsuitable for everyday investors, and that they could lose all their money.
In an interesting development, the National Securities Market Commission also says that anyone planning to launch a mass advertising campaign targeting at least100,000people must get in touch with them first —10days in advance.Crypto exchanges will fall under the toughened rules unveiled on Monday, alongside influencers who are being paid for their posts. The regulations are going to come into force on Feb. 17.Read more: CoinMarketCap »
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Spain Targets Crypto Influencers with Tough New Rules | CoinMarketCapSpain has introduced tough new rules surrounding crypto ads and promotions 🇪🇸 Influencers who are paid for promoting projects will be particularly affected 👀 CryptoIslandInc 🏝 CISLA CislaArmy BSCGems Ethereum PrivateIsland DAO CryptoIslandDAO Altcoin Are you sure ? 😲 babydoge babydogecoin BabyDogeArmy Everyone could try RaceFi. RaceFi is bringing something fresh and different to the growing metaverse sector and should appeal to crypto-loving petrolheads everywhere. racefi_io PlanetSandbox RaceFi solana gamefi PSB
Useful app is Dexfolio. I’m tracking crypto money and my wallet. So basic and stable. I believe babydogecoin BabyDogeCoin It is actually really good. Generally influencers are not taking any responsibility and most are just part of pump and dump. There are people who are trying to change it. They are part of GoodGuyDefi group. lockstockpips TangoDeltaSix MobileTradez Please join these people.
Yes great ! Each project will promote itself ! binance BabyDogeCoin cz_binance BabyDogeCoin elonmusk
Spain will regulate influencers promoting cryptocurrencyThe new rules are supposed to improve risk disclosures. Because Big Government hates a Free People. The moment when the scam of non-centralised currency has to start being centralised because it’s a scam. LOLs This will only get worse for cryptobabies when governments start complaining about the influx of copyright cases against NFTs as well. I'll start my own alt coin. Please give me $1T and you can get a front row seat to owning the world. It will be backed by possible mining on the moon and earth killing asteroids.
Spain sets new rules for influencers who promote cryptocurrency | EngadgetThose with more than 100,000 followers need to include warnings about crypto risks.. Oh I am shocked! This is the very Spain that brutally persecuted the leaders of the Catalan independence movement! As a native European, I am glad am not a resident in Spain!
Spain to Impose Restrictions on Crypto Promotions: ReportIn an EU first, Spain is imposing restrictions on influencers' promotion of crypto assets. The head of Spain's markets watchdog described influencers as 'a backdoor to avoid regulation.' By JamieCrawleyCD JamieCrawleyCD Great 👍 JamieCrawleyCD I received my profit of $35,550 without delay of payment and any attachment of fee, now I can start trusting you victor_griffin_ because you made me believe you're legit and trustworthy, honestly I couldn't believe my eyes when I got an alert of my profit return. JamieCrawleyCD Honestly this is the first time am pleased with a trading Platform. I Guarantee you if you looking for A Good and Reliable Trading Platform contact victor_griffin_ he will turn $3000 to 30,500 within 3-6 Days of Trading.
Spain announces new rules for influencer crypto postsInfluencers with more than 100,000 followers will now have to notify the CNMV on the content of promotions related to crypto. Great Good thing we're not in Spain and still see ads of fraudulent schemes by influencers👌👍 Interesting news. Will this affect the popularity and demand for crypto ?
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Table of Contents Why Now? Spain is introducing tough new measures surrounding crypto advertisements. Under the measures, advertisers will need to provide "clear, balanced, impartial and non-deceptive content" on the risks involved with investing in digital assets — along with a disclaimer that the industry isn't regulated, may be unsuitable for everyday investors, and that they could lose all their money. In an interesting development, the National Securities Market Commission also says that anyone planning to launch a mass advertising campaign targeting at least 100,000 people must get in touch with them first — 10 days in advance. Crypto exchanges will fall under the toughened rules unveiled on Monday, alongside influencers who are being paid for their posts. The regulations are going to come into force on Feb. 17. Explaining the rationale behind these measures, the National Securities Market Commission said: "Cryptocurrencies have a growing presence in the financial system, and while their development in the Spanish market presents important opportunities, it also poses challenges in the area of investor protection, since there is currently no comprehensive regulation to adequately address the risks associated with these assets." "Publications issued by independent analysts or commentators that are not sponsored or promoted" are going to be exempt from these new rules. However, promotions related to crypto trading, buying specific coins, investment advice, portfolio management or earning an income using cryptocurrencies falls under the guidance. Listen to the CoinMarketRecap podcast on