Spanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV) is rushing to approve a regulation on such ads that promote bitcoin in Spain.
Proposal Comes in the Wake of a Bitcoin Advertising Campaign Ran by a Local Exchange
During a speech at the “Observatory of Finance” conference hosted by El Español, Rodrigo Buenaventura, CNMV president, was vocal on his stance against these ads, considering them “risky.” He referred to all crypto-related advertising, rather than just only promoting bitcoin (BTC).
Although, he didn’t mention specifically the reasons behind the sudden interest in regulating crypto advertising on streets, it came just after a local crypto exchange, Bit2me, deployed a massive campaign promoting bitcoin in Madrid.
In fact, the firm put over 800 posters across the Spanish capital city, and…