Spanish financial regulator Comisión Nacional del Mercado de Valores, or CNMV, AnnoucedNew regulations regarding advertising for crypto-asset investment advertisements. According to the new circular that will take effect on February 17, 2022, crypto ads must be “clear, balanced and fair” while also providing sufficient information on the risks involved when investing in crypto.

New rules require that advertisers who are targeting more than 100,000 people notify the regulator within 10 days. The CNMV will monitor any additional ad activities after receipt of the first report. However, advanced reporting is not required.