Spain starts to regulate influencers promoting cryptocurrency

Call +95 9 959740020 now. We'll help you find internet & TV deals in your area.

27.1.2022 | Spain starts to regulate influencers promoting cryptocurrency

Spain has announced new rules for how social media influencers and others can advertise cryptocurrency assetsReuters reports.

Starting next month, the Spanish National Securities Market Commission (CNMV) 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.

According to Reuters, crypto advertisers will need to release the content of their upcoming campaigns to the CNMV, and they must include warnings about the risks of what they’re selling. The rules are designed to let the CNMV monitor the marketing ecosystem around crypto assets and make sure audiences are aware of risks.


Find internet providers in your area

Compare the MYANMAR's best internet service providers and plans near you.