Influencers,

celebrities

, television economists and a whole spectacular display presented by

Cristina Pedroche and Jorge Fernández

.

This is how the poster of the event that Mundo Crypto is organizing for next Saturday at the Wizink Center in Madrid, "the largest cryptocurrency event in the world", in his own words, is made up.

The organization expects

to bring together 7,000 people

, but the CNMV has already warned that the company and several sponsors are not authorized to provide investment services or raise funds.

The controversy is served four days before the show.

The purpose, according to the Mundo Crypto company, is "to publicize the latest news and trends in the metaverse from the main companies and leaders in the crypto sector through an immersive experience."

It also ensures that they want to "lead cryptocurrency training and offer the latest news and trends in the sector through the main brands and leaders in the sector."

With the premise of mass adoption, "the company wants to bring the world of cryptocurrencies closer to everyone who is interested, democratize access to education and promote financial freedom."

The problem is that the National Securities Market Commission has not given it authorization at any time to provide financial services and that, since July of last year, Mundo Crypto has been part of the supervisor's gray list, which includes entities that could be raising funds or providing services of a financial nature without any type of permit or being registered with the CNMV.

In addition, some sponsors of the event such as

Huobi, Bitget and Bybit

have been warned by the body for not being registered to offer investment services, which is colloquially known as

financial bars

.

"We hope that at this event and the experts and celebrities who present and intervene, the attendees are properly informed and informed about the risks of investing in crypto assets," says the CNMV in words collected by Efe, "especially now that so many investors are seeing their money for investing in these assets.

Famous as claim

The roster of celebrities and well-known personalities is, precisely, one of the most striking aspects of the call.

The popular presenter of Antena 3's Las Chimes,

Cristina Pedroche

, and the popular presenter of La Ruleta de la Fortuna,

Jorge Fernández

, will be in charge of hosting the gala next Saturday.

The day, according to the note released by the organization several weeks ago, will begin at 5:00 p.m. and will last until midnight.

"Vips guests, celebrities and influencers will meet there. In addition, the event can also be followed online in more than 100 countries via

streaming

in both English and Spanish," the statement said.

They also assure that "recognized brands such as Coca Cola, PlayStation, Waves, Decentraland and Exclusible will participate in the event" and "it will feature speakers of the stature of

Daniel Lacalle

, economist and investment manager,

Benny Lee

,

Global Manager of Experiential Design

of Coca Cola,

Daniel Sánchez Mateos

,

Teams Coordinator

at PlayStation Talents,

Pilar Troncoso

, co-founder and vice president of OARO,

Juan Ramón Rallo

, economist, or

Pablo Gil

, economist and

trader

, among others". Tickets are free and various presentations, gaming areas, NFT and all kinds of experiences related to the crypto world are planned.

The proposal, however, has activated the

alerts of the supervisor

of the investment markets in Spain, in view of previous similar experiences with organizations such as IM Academy and in the face of the volatility and lack of regulation of investment in Bitcoin and other digital assets. .

The CNMV and the Bank of Spain have warned on numerous occasions about the risks involved in investing in crypto assets, but the absence of regulation prevents supervisory entities from acting with them as with other conventional assets.

In September of last year, the European Commission raised an initiative, the MiCA regulation, to agree on a common regulation for the bloc in the European Union, and at the end of last June, the countries and the European Parliament agreed on a text, although it is still under development and will take time. almost a year to enter into force.

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