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⚡Spanish Regulator Warns Iniesta For Promoting Binance

Iniesta was promoting Binance on social media.

Hey Blockster, With fan tokens, increased digital asset adoption by athletes, and NFTs based on the most memorable moments of players, crypto and sports seem like a match made in heaven. Indeed, while cryptocurrency initiatives in the sports industry enabled clubs to increase engagement and create new revenue streams, fans have become more active, and they have the opportunity to influence their favorite teams' decisions. However, crypto activity on the sports market is not always welcomed by regulators. Recently, the Spanish financial regulator warned Andres Iniesta, the soccer superstar who led Spain in winning the World Cup in 2010, for promoting the crypto exchange Binance on social media. According to the National Securities Market Commission (CNMV), cryptocurrencies pose significant risks to investors as they are rather unregulated. The regulator argues that Iniesta should have emphasized this in his social media posts so his followers could better understand the risks associated with digital asset investments. To learn the details of the story, check out this article on Blockdesk. Do you think Iniesta's case with crypto and the CNMV was the only story we have for you today? No way at all! Check below to read more articles from today's collection: Kusama Making Waves – A Guide To KSM – Kusama is a super exciting project that serves as Polkadot's canary network. In other terms, it's the official testbed for every new feature, functionality, and upgrade that developers seek to roll out on Polkadot at a later date. EU Council Moves Forward With Landmark Crypto Regulatory Framework – Recently, the Council of the EU announced that it has adopted its position on two proposals, from which one includes a European Union-wide regulation of the cryptocurrency space. Loopring Vs. Polygon: The Battle Of The Layer 2s – Due to Ethereum's limited throughput, crypto projects have been building on the second-layer of the smart contract blockchain to achieve higher scalability, speed up transactions, and cut fees. Two of the most prominent L2 scalability solutions are Loopring and Polygon that are competing for the first spot in this field. The Ethereum Merge Won't Lower Fees – So, What Will? – The "Merge" is one of the most anticipated events in Ethereum's history. However, while it will combine the current chain with the new ETH 2.0 blockchain and shift from the energy-intensive PoW algorithm to the staking-based PoS consensus mechanism, it won't significantly reduce transaction fees. Hope you enjoyed today's crypto stories. Now, it's time to get a good rest over the weekend. As usual, we will come back with our latest Blockdesk article collection on Monday. Stay tuned! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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