Spanish regulator signals potential X probe on crypto ads By Cointelegraph

The National Stock Market Commission (CNMV), Spain’s principal securities market regulator, called out fraudulent crypto assets promos on X (formerly Twitter) and reiterated the obligation of companies to comply with local laws.

On Nov. 8, in a speech at the annual Deloitte conference for the Spanish financial sector in Madrid, the CNMV head, Rodrigo Valbuena, revealed that the ads in question “make illegal use of the image of some Spanish actors and the design and identity of a national media to try to obtain data and money from investors.”