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Spanish regulatory authorities review crypto influencer content; 10% contain violations
ME News update: On April 11 (UTC+8), the Spanish National Securities Market Commission (CNMV), after reviewing the social media content of nearly 100 crypto-investment influencers, found that about 10% had violations. The violations include failing to disclose conflicts of interest, directly posting investment advice, and providing personalized investment consulting without a license. The regulator said that if the individuals concerned do not make the required corrections, they may face financial penalties. This review covered promotional content for Bitcoin and other crypto assets, and was carried out in accordance with regulations such as the EU MiCA Regulation. (Source: MLion)