Spanish financial authorities are planning to keep a close eye on a major cryptocurrency metaverse event being organized in Madrid this weekend
MADRID -- Spanish financial authorities are planning to keep a close eye on a major cryptocurrency metaverse event being organized in Madrid this weekend.
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 event Saturday at a Madrid concert arena is expected draw 7,000 people. Spanish authorities and the CNMV say such gatherings are often aimed at luring people, especially youths, into investing in cryptocurrencies without full knowledge of the possible consequences.
Mundocrypto founder Mani Thawani, a Spaniard, has defended the event, arguing that it is for educational purposes and to guide people financially.
Mundocrypto describes itself as “world leader in crypto and blockchain education” and says...
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