Influencers could face £250,000 fines in Spain for promoting cryptocurrency

Failure to comply could cost influencers as much as €300,000 (£251,058) from February 17. (Credits: Reuters)Spain is the latest country to impose strict rules on crypto advertising, including tough fines for influencers who fail to comply.The National Securities Market Commission (CNMV) of Spain is establishing rules on how influencers, crypto companies and marketing firms promote the digital currencies.
According to the new rules, any influencer or organisation with over 100,000