Cryptocurrency The popularity of units is increasing day by day. This situation, which is also reflected in social media, causes the emergence of a new generation of experts and content producers. However, crypto analysts, who reach hundreds of thousands of people with their investment advice, bring a serious problem with them.
People often do not understand the difference between the advertisements they receive and the standard investment advice. SpainA recent decision in . National Securities Market CommissionAccording to the decision of .
Another country is preparing to ban cryptocurrencies
The Central Bank of Pakistan and government officials have started working to ban the use of cryptocurrencies.
Cryptocurrency experts will have to report collaborations
Every day, a new one is added to the regulations related to the crypto money markets. Kosovo‘s ban on crypto mining last week and there is a crypto money bill that is expected to come into force in Turkey soon is the biggest example of this. As of today, the most talked about issue was the laws prepared by Spain.
Spain has introduced a law that will shape the promotions of cryptocurrency analysts and content producers. According to the new law, these people now have to state whether their posts are a collaboration or not. If the opposite is detected, a fine of 300 thousand Euros will be applied.
Rodrigo Buenaventura, chairman of the National Securities Market Commission, said, “If influencers were not involved, there would be an escape route from regulation.” said. For the first time, directives in this direction were brought in a European country. The European Union Countries have not yet agreed on the regulation of cryptocurrencies.
20,000 Euro fine for cryptocurrency influencers in France
In July, a crypto influencer on the popular social media app Snapchat was fined €20,000 for advertising a Bitcoin trading site. With this development, it was stated that the European Union Countries now want a law. Countries that want to wait for the EU’s decision have started preparations to prepare their own laws.
Another country that has started preparations for the crypto money law is Turkey. As of last week, the draft news of the draft law published on social media and news sites in Turkey was false. There has been no official statement yet regarding Mustafa Elitaş’s meetings with analysts. However, as of this year, the bill is expected to be approved by the parliament in Turkey as well.
What do you think about these developments in Spain? Do you think there will be similar articles in the draft law prepared in Turkey?