Cryptocurrencies
Spain Clamps Down on Crypto Advertising With Order to Flag Risks
- Ads will include warning that investors can lose their money
- Crypto firms must inform regulator of large-scale ad campaigns
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Spain’s market regulator slapped controls on ad campaigns for crypto-assets by saying they must carry a warning to investors that they risk losing all their money.
Promotional activity for crypto-assets must also make clear they’re not regulated and may not be appropriate for retail investors, the National Securities Market Commission, or CNMV, said in a statement Monday.