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 leastCrypto 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.
"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.
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People who listen 18yo influencers for financial advise deserve to be scammed!
Useful app is Dexfolio. I’m tracking crypto money and my wallet. So basic and stable.
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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 !
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