Spanish financial regulator warns investors over 18 unlicensed entities

The list contains several crypto firms among companies trading without the correct licenses.

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The National Securities Market Commission (CNMV), Spain’s principal financial regulator, has published a list of 18 companies operating in the country without a proper license. 

The CNMV published the list on Feb. 26. While it doesn’t contain household names, there are several crypto companies on the list: BITBINX, Crytomerge and CryptoMaxiTrade. According to the regulator:

The regulator acknowledges that its powers are limited, and advises concerned investors to consider going to the ordinary courts of justice. 

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