Spain moved on Monday to control widespread crypto asset promotion, including by social media influencers, tasked the stock market supervisor with authorising large campaigns and ensuring investors are informed of hazards.

The fast expansion of cryptocurrencies and digital assets tied to conventional currencies has piqued the interest of authorities throughout the globe, who are concerned that they might jeopardise the financial system if not closely managed.

A few years ago, cryptocurrencies seemed to be more of an intellectual notion than a reality. But, as Bitcoin reached new highs in 2017, all of these notions about digital currencies shifted. Since then, Bitcoin has served as a symbol for the crypto sector. Since its introduction in 2009, it has grown to become one of the market's most trustworthy and generally acknowledged cryptocurrencies. However, it is reasonable to state that the crypto market is continually developing, with intriguing advancements occurring virtually every other day. These fast changes have resulted in the formation of