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The Comisión Nacional del Mercado de Valores (CNMV) has announced the removal of Binance and other registered Virtual Asset Service Providers (VASPs) from its grey list. The updated list was published on the CNMV's official website on January 15.
The CNMV’s grey list identifies entities operating in Spain without authorization or registration. Examples include Binance, Juicy Fields, Quanloop, Bullrock Swap, and Velzia. The listed entities may be engaging in fund collection or financial services without authorization, posing potential risks to investors. This list, based on online and social media analyses, is not exhaustive, and inclusion does not confirm compliance or non-compliance with regulations. It features organizations such as investment firms, crowdfunding platforms, and crypto-related services like Kuailian App OU, Crypto Dalas, and Bondora Capital OÜ.
According to the European Securities and Markets Authority (ESMA), the removal from the grey list follows the implementation of MiCA (Markets in Crypto-Assets) regulations within the European Union. MiCA establishes a framework that provides regulatory recognition for VASPs during a transitional grandfathering period. This framework ensures that entities meeting compliance standards are distinguished from those without proper authorization.
