The Spanish financial regulator has issued a warning to investors about 18 unlicensed entities, including BITBINX

ChainCatcher news, according to Cointelegraph, the Spanish National Securities Market Commission (CNMV) has published a list of 18 companies operating in the country without authorization, including several cryptocurrency companies such as BITBINX, Crytomerge, and CryptoMaxiTrade.

These companies are not registered with the CNMV and therefore provide investment services or other regulated activities without authorization. The regulatory body advises affected investors to seek assistance from ordinary courts.

As of 2023, the number of officially registered cryptocurrency companies operating in Spain has increased by 56%, currently including 83 companies, among which are multinational companies like Binance, Bitpanda, Revolut, and Crypto.com.

Last year, the CNMV and Spanish regulators strengthened their policies on the cryptocurrency industry. In October 2023, the Spanish Ministry of Economic Affairs and Digital Transformation announced the acceleration of the implementation of the EU's first comprehensive cryptocurrency framework, the Markets in Crypto-Assets Regulation (MiCA).