Spain Pins X for Illegal Crypto Promotion


16h05 ▪
5
min read ▪ by
Mikaia A.

Summarize this article with:

In a Europe that had dreamed of a tidal wave of CBDCs, it is ultimately the crypto ecosystem that imposed its codes. Powered by decentralization and network effect, it outpaced institutional projects. Faced with this gap, states tighten the screws. And when it comes to regulation, Spain doesn’t do things halfway. The latest to learn this the hard way? The social network X, for allowing fraudulent crypto ads to slip through.

A Spanish soldier smashes a crypto advertisement on a light screen, revealing a giant fine of €5 million.A Spanish soldier smashes a crypto advertisement on a light screen, revealing a giant fine of €5 million.

In brief

  • X broadcast crypto…

Source link