Spain facilitates the issuance of cryptocurrencies to prevent them from fleeing to other countries

The NCVM considers that this authorized entity intervention requirement can be met in two ways:
– an entity authorized to provide investment services with
to the 39 on the occasion of each subscription or purchase of securities or instruments
] in question as a placement agent, intermediary or advisor, with
subject to the rules applicable in each case,
– or by the intervention of an entity authorized to provide services of
investment validating and supervising general offer, especially the information
provided to investors and the procedure of placement or
marketing used ( without the need for intervention of the authorized entity
on the occasion of each subscription or acquisition). With respect to the
validation of information, the authorized entity must ensure
that it is clear, unbiased and not misleading and refers to the characteristics and risks
securities issued, as well as to the legal and economic and financial situation
of the issuer in a manner sufficiently detailed to allow the investor
to take a investment decision based.