Spanish Authorities Has Added 23 Forex and Cryptocurrency Companies to Warning List

The Spanish National Securities Market Commission has included 23 unapproved forex and cryptocurrency entities into its own warning list on Jan. 14.

One of the companies added to the list is Blonde Bear OÜ, also known as Black Parrot Ltd., which says to be a forex and cryptocurrency exchange operator but purportedly works in Spain with no permit.

The company, which worked on the trade111.com and tradex1.com domain names, has also been flagged from the Polish Financial Supervision Authority for working in Poland without the required license.

Another company added into the CNMV's warning record is Dax300, also known as Brown Fox Ltd., for operating in Spain with no permit. This business is involved in the trading of contracts for difference (CFD) tracking cryptocurrencies, commodities and foreign exchange.

Since Cointelegraph reported in December last year, Spain was one of the seven states which have signed a declaration calling for aid in the promotion of Distributed Ledger Technology's (DLT) usage in the European area.

Also in December 2018, Spanish renewable energy firm ACCIONA Energía declared it intended to set up blockchain to trace electricity production.