The National Securities Market Commission (CNMV) has released a list of warnings concerning unregistered financial and cryptocurrency service entities. These warnings, published on the CNMV’s official website on March 26, were reported through international supervisory authorities.
According to the CNMV, the list includes websites such as norfolksinvestment.com, riseprofitfx.net, and bitprimefx.net, which are flagged for operating without proper authorization. The commission received these reports from supervisors in countries like the Netherlands and Belgium. Entities such as gasfolex.com, immediategp.com, and cryptologiciq.com have been highlighted as non-compliant with financial regulations.
The CNMV issues these warnings to protect investors from unauthorized entities that provide investment services or engage in financial activities without proper registration or authorization. Such entities often operate outside regulatory oversight, increasing the risk of capital loss for investors. The CNMV also collaborates with foreign regulators to share warnings about these 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, this 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 with a focus 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 the International Organization of Securities Commissions (IOSCO), European Securities and Markets Authority (ESMA), and Financial Stability Board (FSB).
