Share this article
Spanish Securities Watchdog Warns 12 Firms Including Huobi, Bybit for Non-Registration
The watchdog isn't banning the exchanges.
Updated Sep 14, 2021, 1:40 p.m. Published Aug 17, 2021, 5:17 a.m.
Spain's National Securities Market Commission issued a warning notice for 12 companies, including crypto exchanges Huobi and Bybit, for providing investment services without being registered with authorities.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The warnings do not necessarily mean the exchanges will be banned from the country. Spain's SMC only has administrative powers and would have to appeal to the justice system to sanction the firms, according to its website.
- The warning is meant to alert operators and consumers, Spanish-language website CriptoNoticias reported.
- The other companies in the notice are: Crypto exchanges Dsdaq Market, Markets Cube, and Expertise Trader; trading platforms Markets EU, Profit Assist, and Financial Resident; Australian investment company Liberty Sky; crypto token issuer N2 Group; and The Market Limited.
- Crypto exchanges around the world are facing pressure from authorities.
- Huobi's revenue likely took a hit in July.
Read more: Binance to Wind Down Hong Kong Derivatives Trading in Switch to ‘Proactive’ Compliance Stance
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
