Spain is cracking down on influencers promoting cryptocurrency. As cryptocurrency and NFTs continue making headlines, young consumers are becoming more interested in learning about the investment space—YPulse’s personal finances survey found that 13% of 13–39-year-olds in Western Europe have already jumped into the space, and research from Bitcoin.com has found nearly a third are interested in investing. But as a notoriously volatile and unregulated market, the Spanish National Securities Market Commission is attempting to “throw cold water on crypto” by requiring influencers with more than 100,000 followers to notify it at least 10 days prior to running campaigns for crypto assets. The campaigns must include warnings about the risks of what they’re selling, too, so young investors know what they’re getting into. (The Verge)
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