The Comisión Nacional del Mercado de Valores (CNMV) has issued alerts regarding entities operating without the necessary registration, including some providing cryptocurrency services. The alerts were published on the CNMV's official website on March 17, 2025.
According to the National Securities Market Commission (CNMV), warnings have been issued about several unregistered entities operating without proper authorization. These include JP Financial Limited, Surgirux, Strifor, IFM24, HYCM Capital Markets, Iaxuss Group, Spiral Capital, Pro Biz Marketing, Infinity Global Wealth, Futurawm Ltd, and Chain Flux 300. These organizations are not authorized to provide investment services or engage in activities subject to CNMV oversight. Additionally, some of these entities are involved in fraudulent advertising by using well-known personalities to promote false claims of wealth creation.
The CNMV issues warnings to protect investors from unauthorized entities that provide investment services or engage in financial activities without proper registration or authorization. According to the CNMV, these entities often operate outside regulatory oversight, which increases the risk of capital loss for investors. The commission also collaborates with foreign regulators to share warnings about such entities, aiming to inform investors and reduce risks.
All registered Virtual Asset Service Providers (VASPs), including Binance and Bit2Me, are excluded from the CNMV grey list. This list identifies entities operating in Spain without regulatory authorization or registration as part of a regulatory update. According to DataBitlaw, the update applies broadly to entities that have transitioned to regulated status under the Markets in Crypto-Assets Regulation (MiCA). The adjustment reflects the alignment of these entities with European Union regulatory requirements during the grandfathering period.
The CNMV oversees Spain's securities markets to ensure transparency, accurate pricing, and investor protection. Created by the 1988 Securities Market Law, it supervises securities issuers, investment service providers, and collective investment schemes while focusing on market stability and system solvency. It manages public records of market participants and advises the government and Ministry of Economy on securities matters. Additionally, it actively engages with international organizations like IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).
