CNMV announces warning list of unregistered institutions

The Comisión Nacional del Mercado de Valores (CNMV) has announced a list of warnings concerning unregistered entities reported by international supervisors. This warning was published on the CNMV's official website on February 5, 2025.

According to the CNMV, the Cyprus Securities and Exchange Commission (CYSEC) identified multiple firms, including A-EternityCapital Ltd, EldensTrade.com, and MarketsVox.com. Belgium’s Financial Services and Markets Authority (FSMA) issued warnings on entities such as Beauliard Groupe, Cash Lening, and Plus Finanzen. Additionally, FSMA reported that fraudsters were impersonating its name and logo in a recovery room scheme using fraudulent emails. The commission offers a search engine for investors to verify whether an entity is authorized.

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. These 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 such 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 the 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 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 while 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).