Spanish market regulator warns about cryptocurrency event

The CNMV stock market regulator this week warned that neither the organizers of the event, Mundocrypto, nor the sponsors have authorization to provide investment services or gather funds.The CNMV stock market regulator this week warned that neither the organizers of the event, Mundocrypto, nor the sponsors have authorization to provide investment services or gather funds.

Mundocrypto founder Mani Thawani, a Spaniard, has defended the event, arguing that it is for educational purposes and to guide people financially. The CNMV says Mundocrypto is on its grey list of entities suspected of raising funds and providing financial services without permits. Earlier this year, a number of families complained to authorities that another cryptocurrency academy was brainwashing their children into spending their money on courses with promises they would become wealthy.

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