Crypto derivatives have been deemed dangerous for investors by several regulatory authorities, and according to a report by La Informacion, the National Securities Market Commission (CNMV), a government agency responsible for the financial regulation of securities markets in Spain, has asked Binance, the world’s largest crypto exchange to stop selling crypto derivatives in Spain. Binance to Stop Selling Derivatives According to the report, Binance has been urged to completely drop the sale of crypto derivatives in Spain as authorities believe such offerings “trigger transaction complexity for investors and increase the possibility of incurring losses. higher than the initial value”. investment,” CNMV and the Bank of Spain said in a joint statement. According to the report, the world’s largest cryptocurrency has held several meetings with CNMV officials over the past few months, and after the financial regulator’s warning, the crypto exchange decided to remove the derivatives offering from its website. another report […]
The post that Binance banned from selling crypto derivatives in Spain appeared first on Kripteu Magazine.