The Comisión Nacional del Mercado de Valores (CNMV) has issued warnings about organizations operating without proper registration, including those offering cryptocurrency services. The warning was published on the CNMV’s official website on March 10, 2025.
According to the National Securities Market Commission (CNMV), several unregistered entities have been identified, including ProfitWave, CBitcoin, Herthermax, Liberty Invested Limited, Amchunks, Elite Forex, Atex Coin Ltd, Charm Finance, Bit Axis, Pixoinvest, Static Pips, Lenovextrader, Persevo/Titos, and various related websites and social media accounts. These entities are not registered with the CNMV and are not authorized to provide investment services or activities under its supervision.
The CNMV issues warnings to protect investors from unauthorized entities that provide investment services or engage in financial activities without proper registration or authorization. These entities often operate outside regulatory oversight, which increases the risk of capital loss for investors. The commission also collaborates with foreign regulators to share warnings about such entities 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, the 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 while focusing on market stability and system solvency. It manages public records of market participants and advises the government and Ministry of Economy on securities matters. Additionally, it actively engages with international organizations like IOSCO (International Organization of Securities Commissions), ESMA (European Securities and Markets Authority), and FSB (Financial Stability Board).
