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Cryptoassets & Blockchain Legal News

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Investing in cryptos legal for registered investment funds in Spain

May 21, 2018 by Mark Knowles

Regulated investment funds can invest directly in cryptocurrencies concluded Spain’s financial regulator in its latest clarification.

Comisión Nacional del Mercado de Valores (CNMV) – an agency regulating Spain’s securities – stated its position in a Q&A document for fintech industry. Replying to a question about a CNMV-registered funds’ ability to invest in cryptos the commission quoted a previous regulation (Law 22/2014) which allows for such investments.

However, the commission pointed to some practical problems such as compliance with the valuation of assets regulations, liquidity management an guarantee of custody.

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Mark Knowles

Mark Knowles, Coinlaw

With more than a decade of experience as a journalist and editor, Mark has now turned his focus to the blockchain and cryptocurrency revolution that is currently reshaping the global... view profile
Mark Knowles is a member of the Coinlaw team. Read more about our team.

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