Spain has announced new rules for how social media influencers and others can advertise cryptocurrency assets,. Starting next month, the Spanish National Securities Market Commission will require people and companies to notify it at least 10 days before running campaigns for crypto assets. The rules apply to influencers with more than 100,000 subscribers who are paid to promote cryptocurrency — a practice that’s drawn criticism and even lawsuits worldwide.
from professional soccer player Andrés Iniesta after he enthusiastically promoted the cryptocurrency exchange Binance, warning him that “cryptoassets, being unregulated products, carry some significant risks.” Cryptocurrency and social media advertising are both areas with significant regulatory ambiguity, and the combination has sometimes proven troublesome. Earlier this month, aKim Kardashian, boxer Floyd Mayweather, and others for promoting the currency EthereumMax — raising its price dramatically before the asset crashed into near worthlessness.
Meanwhile, Willyrex living in Andorra...
Good
Too many scammers looking to do rug-pulls.
YES!
EvilAFM para el Podca... ay 😅
Like anyone cares what Spain does
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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.
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.
Because Big Government hates a Free People.
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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 ?
Source: TheBlock__ - 🏆 464. / 53 Read more »
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
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Spain's Regulator Sets New Rules for Cryptocurrency AdvertisementThe Spanish regulator has gone after cryptocurrency influencers with more than 100,000 followers.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
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
Source: CoinMarketCap - 🏆 290. / 63 Read more »