Saturday, September 13, 2025

Latest

Spain Cracks Down on Social Media Influencers Promoting Cryptocurrencies Online

Spanish authorities are cracking down on cryptocurrency advertisements promoted by social media influencers, in an effort to gain control over the widely unregulated market.

Spain has become the first country in the EU to impose regulations on cryptocurrency advertising. According to the Financial Times, which cited official government documents published on Monday, influencers will now have to disclose their intentions to post cryptocurrency advertisements on their social media accounts to authorities at least 10 days in advance, and must warn followers of the digital token’s potential risks.

“We are very excited about how this will bring some order to how crypto is promoted, not just through traditional media but also through influencers,” Rodrigo Buenaventura, the head of Spain’s national securities market commission told the Financial Times. As per the new rules, influencers must reveal if they received compensation for the post, and any public statements must be “clear, balanced, impartial, and non-misleading,” while outlining that cryptocurrencies are not regulated and investments could lead to substantial financial losses.

Influencers boasting over 100,000 followers who do not follow the government’s new rules could face fines of up to €300,000. The regulatory crackdown also applies to cryptocurrency companies themselves, as well as any PR companies they may hire.


Information for this briefing was found via the Financial Times. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Binance Tightens Controls After Involvement with Sanctioned Russian Banks Revealed

Binance has ceased facilitating payments through sanctioned Russian banks after a Wall Street Journal exposé...

Monday, August 28, 2023, 03:40:00 PM

Trump Threatens Tariff Blitz as Spain Alone Rejects NATO’s New 5% Defence Pledge

At the NATO summit in The Hague, President Donald Trump revelled in allies’ decision to...

Thursday, June 26, 2025, 02:59:00 PM

No ID, No Trading: EU Now Requires Identification For All Crypto Transactions

The Council of the European Union has given final approval to the Markets in Crypto...

Wednesday, May 17, 2023, 11:31:00 AM

Grayscale Wins Lawsuit Against SEC Over Bitcoin ETF

Grayscale Bitcoin Trust (GBTC) has won a significant legal battle against the SEC in its...

Tuesday, August 29, 2023, 11:47:20 AM

Are the Bank Failures Driving Crypto?

The recent failures of three US banks, Signature Bank, Silicon Valley Bank, and more recently,...

Wednesday, May 3, 2023, 03:55:00 PM