Spain's securities watchdog has warned 12 companies, including Huobi and Bybit, about their unregistered activities.
Spain's National Securities Market Commission (CNMV) has issued a warning to 12 companies, including crypto exchanges Huobi and Bybit, about providing investment services without proper registration.
The Spanish CNMV has only administrative powers. In order to impose sanctions on the exchanges, it will have to go to court. Therefore, warnings do not necessarily mean that exchanges will be banned in the country. This is the first warning from the regulator, but it does not specify whether a lawsuit will be filed in the future.
The notice also notes:
- crypto exchanges Dsdaq Market, Markets Cube and Expertise Trader;
- trading platforms Markets EU, Profit Assist and Financial Resident;
- Australian investment company Liberty Sky;
- is the issuer of crypto tokens N2 Group;
- The Market Limited.
Crypto exchanges around the world are facing pressure from authorities. At the beginning of the year, Huobi received a similar warning from regulators in the UK and Seychelles, and at the end of May - from Japan.
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