Spain Fines Elon Musk’s X €5 Million Over Crypto Ads
Spain just reminded the world that crypto advertising is serious business. The country’s market watchdog, CNMV, fined Elon Musk’s platform X five million euros for letting a crypto company run ads without proper authorization.
It’s not the first time regulators have stepped in, but this one feels different. It shows how Europe’s tone toward crypto is shifting, less hype, more accountability. I remember when every other post online was about a “revolutionary” trading bot or AI project. You’d scroll through and wonder how many of those companies were actually real. Turns out, Spain’s watchdog wondered the same thing.
The fine targets X for not checking if “Quantum AI” was allowed to offer investment services….
