Spain’s National Securities Market Commission (CNMV) wants to introduce stricter regulatory rules for outdoor advertisement promoting cryptocurrencies, Rodrigo Buenaventura, the organization’s president, said during a recent conference.
According to Buenaventura, the financial watchdog considers such ads “risky” and wants to consult its advisory committee, as well as launching a broad public consultation on the matter.
Based on the outcome of the consultation, the CNMV plans to suggest stricter rules for crypto-related street advertising and submit the proposal to Spain’s Council of State–the supreme consultative body advising the country’s government on legislative initiatives.
„It is […] necessary to emphasize that what is controlled by the CNMV are not the assets or the providers or the operations, but only the advertising when they are offered as an investment alternative,” said Buenaventura.
He added that the agency has to ensure that the proposed ruling doesn’t
Źródło: https://decrypt.co/63635/spain-may-soon-regulate-risky-bitcoin-street-ads
