Soccer star Andrés Iniesta, who plays for Japan’s Vissel Kobe, received a warning from the Spanish markets regulator after he promoted trading on cryptocurrency exchange Binance.
Iniesta, who spent much of his career at FC Barcelona and has over 25 million followers on Twitter, wrote that he is “learning how to get started with crypto with @binance #BinanceForAll.”
Spain’s markets regulator, the National Securities Market Commission (CNMV), replied to the tweet, pointing out that “cryptoassets, being unregulated products, carry some significant risks.”
There was no indication whether Iniesta was paid to post the message about Binance, Reuters reported. Former teammates at Barcelona are known to share their enthusiasm for crypto projects.
Iniesta had not responded to a request for a comment through the club’s press office by publication time.
CORRECTION (Nov. 25, 10:38 UTC): Corrects Iniesta’s soccer club, changes photograph.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.