The Comisión Nacional del Mercado de Valores (CNMV) has issued warnings regarding four entities that are not authorized to offer investment services or related activities. The announcement was made on the CNMV’s official website on January 27.
According to the CNMV, the entities MoneraCap (moneracap.io), AVE Trade (avetrade.co), Oasis Trading (oasistrade.net), and Roctec Europe (rocteceurope.com/es) are not registered with the commission and lack authorization to provide investment services or other regulated activities.
The CNMV issues such warnings to protect investors from unauthorized entities that offer investment services or engage in financial activities without proper registration or authorization. These entities often operate outside regulatory oversight, increasing the risk of capital loss for investors. To avoid confusion, some unauthorized firms falsely use the CNMV’s name to present themselves as legitimate, leading to a misleading sense of security. The CNMV also collaborates with foreign regulators to share warnings about such entities, aiming to inform investors and reduce risks. The commission offers a search engine for investors to verify whether an entity is authorized.
According to DataBitlaw, 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. The update applies broadly to entities that have transitioned to regulated status under the Markets in Crypto-Assets Regulation (MiCA). The adjustment reflects these entities’ alignment 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, focusing on market stability and system solvency. It manages public records of market participants, advises the government and Ministry of Economy on securities matters, and actively engages with international organizations like IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).
