The Spanish National Securities Market Commission (CNMV) has published a list of 18 companies operating in the country without a license, including several cryptocurrency companies such as BITBINX, Crytomerge, and CryptoMaxiTrade. These companies are not registered with the CNMV and are therefore not authorized to provide investment services or other regulated activities. The regulatory body advises affected investors to seek help from ordinary courts. As of 2023, the number of officially registered cryptocurrency companies in Spain has grown by 56%, currently including 83 companies, including multinational companies such as Binance, Bitpanda, Revolut, and Crypto.com. Last year, the CNMV and Spanish regulatory bodies strengthened their policies towards the cryptocurrency industry. In October 2023, the Spanish Ministry of Economy and Digital Transformation announced the accelerated implementation of the EU's first comprehensive crypto framework, the Markets in Crypto-Assets Regulation (MiCA).
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Spanish financial regulator warns investors about 18 unlicensed entities including BITBINX
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