Regulation· ★★· neutral·

Spain's CNMV warns against unregistered financial institutions

  • —CNMV flagged unregistered financial institutions operating internationally
  • —Regulator cited risks to consumers and investors
  • —Public urged to verify counterparties before using financial services
Why it matters: Signals growing scrutiny of unlicensed intermediaries in the EU, raising pressure on crypto firms without proper authorization.
Source: Coinfomania