🆘Spain🇪🇸: Lawmakers propose renaming cryptoassets as “crypto bets” or “unbacked assets”

🆘Spain🇪🇸: Lawmakers propose renaming cryptoassets as “crypto bets” or “unbacked assets”

A group of lawmakers has proposed that the National Securities Market Commission (CNMV) implement a traffic light-style visual warning system for retail investors.

▶️According to the proponents, a significant portion of tokens currently traded on exchange platforms lack material backing or underlying value, as they are not tied to any concrete productive activities.

▶️The proposal includes a color-coded classification system for cryptoassets listed on bank platforms or exchanges, using the following scheme:

🟢Registered, backed, and regulated cryptoassets with stable market behavior.

🟡Cryptoassets with limited backing or moderate volatility.

🟠Uncontrolled coins, considered high-risk.

🔴Speculative assets without an identified issuer or material backing.

▶️The initiative also calls for restrictions on automated AI-driven trading, along with the development of dedicated regulations for algorithmic trading pools.

▶️The proposal was introduced by a left-wing parliamentary coalition.

#news #Europe #crypto #spherical_horse_in_a_vacuum

🏦 Payouter.com — reliable payment partner in the CIS and 🇮🇳 India: Intent, UPI P2C conversion 54% by FTD