Spanish regulator raises alarm on Binance promo by soccer star Iniesta

Spanish regulator raises alarm on Binance promo by soccer star Iniesta


A major financial regulator in Spain has put out a warning regarding soccer star Andrés Iniesta for promoting major cryptocurrency exchange Binance.

Iniesta, a prolific midfielder who has played for Barcelona and the Spanish national team, was promoting Binance on his social media profiles on Instagram and Twitter.

On Wednesday, Iniesta posted several pictures of him next to a laptop showing the Binance website on the screen as well as holding a smartphone reflecting several major crypto markets, including Bitcoin (BTC) and Binance Coin (BNB).

Hola,@andresiniesta8, los criptoactivos, al ser productos no regulados, tienen algunos riesgos relevantes. Es recomendable leer el comunicado de@CNMV_MEDIOS del 9/2/2021 https://t.co/SWRF73xEJj e informarse a fondo antes de invertir en ellos o de recomendar a otros que lo hagan

Trending: White House Confirms It Is Looking Into Shutting Down Oil Pipeline Amid Fuel Crisis

— CNMV (@CNMV_MEDIOS) November 24, 2021

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