Spanish Securities Watchdog Warns 12 Firms Including Huobi, Bybit for Non-Registration

The watchdog isn't banning the exchanges.

AccessTimeIconAug 17, 2021 at 5:17 a.m. UTC
Updated Sep 14, 2021 at 1:40 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Spain's National Securities Market Commission issued a warning notice for 12 companies, including crypto exchanges Huobi and Bybit, for providing investment services without being registered with authorities.

  • The warnings do not necessarily mean the exchanges will be banned from the country. Spain's SMC only has administrative powers and would have to appeal to the justice system to sanction the firms, according to its website.
  • The warning is meant to alert operators and consumers, Spanish-language website CriptoNoticias reported.
  • The other companies in the notice are: Crypto exchanges Dsdaq Market, Markets Cube, and Expertise Trader; trading platforms Markets EU, Profit Assist, and Financial Resident; Australian investment company Liberty Sky; crypto token issuer N2 Group; and The Market Limited.
  • Crypto exchanges around the world are facing pressure from authorities.
  • Huobi's revenue likely took a hit in July.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.