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On Saturday, August 27, a great event for investors and crypto enthusiasts will be held in Madrid, especially at the WiZink Center. crypto world.For weeks it has had
On Saturday, August 27, a great event for investors and crypto enthusiasts will be held in Madrid, especially at the WiZink Center. crypto world.For weeks it has had a strong presence on social networks… and the press emphasized that the organizer company does not have a license to attract investors (eldiario.es) or that the CNMV (National Securities Market Commission). ), expects attendees to be “informed about the risks of investing in cryptocurrencies” (El Confidencial).
An event for cryptocurrency enthusiasts and investors. Entry is free, although a 47 Euro deposit is required., According to the organization, if the person attends the event last, he or she will be refunded excluding administrative expenses he has not disclosed. Otherwise, the person loses the full amount.
💥CRISTINA PEDROCHE WILL BE THE OFFICIAL HOST OF THE EVENT!
It couldn’t be otherwise! We will make history and what could be better than that? @CristiPedroche One of the most recognizable figures on the national stage to present the biggest Mass Adoption Event to date! pic.twitter.com/sCiIl2djvT— Official Crypto World (@MundoCrypto_ES) August 7, 2022
The official agenda of the event, which is in its third edition, includes the following details: networkingRoundtables around “immersive experiences”, metadatabase and cryptocurrencies, interviews with experts, presentations and demonstrations in virtual reality.
Cristina Pedroche and Jorge Fernández have been announced as hosts of the event, which will be accompanied by entertainment actors Pablo Chiapella and Macarena Gómez. But Jorge Fernandez communicated He said that he will not be the host of the event without further explanation.
Last year, Santi Millán was the main celebrity in the previous edition of the event. In this edition, there were numerous complaints from participants who realized that what they received did not match what was promised., responding to the organizer with protests about what happened on Twitter, especially due to accusations of manipulation of the Constellation cryptocurrency market, which had rallied in the previous days and urged new investors, and then fell after the event.
Mundo Crypto is a company founded in the Canary Islands by Mani Thawani, an Indian-born Tenerife native. In the event announcement video, Mani can be heard talking about the event as a “win-win” event. “They will learn more, invest more, get richer”explained.
It’s hard for any cryptocurrency creator to have 1,000 people live on YouTube (even me a few years ago). In a few days, Mundocrypto will gather 7,000 people in one physical location. Success is within the reach of few people, congratulations team 👏 @MundoCrypto_ES
– Mani Thawani ⏳ 27.8.22022 (@ManiTawani) 17 August 2022
In another video titled ‘Tribute to Mani Thawani’ posted on Mundo Crypto’s own YouTube channel, the founder talks about how “hundreds of thousands of people” were introduced to cryptocurrencies, taking advantage of “massive adoption”. obtained.
Beyond driving “mass adoption”, Mundo Crypto’s main activity is the sale of investment courses in cryptocurrencies. according to its founderHe received more than 60,000 euros per month in exchange for “getting his knowledge”.
According to the regulator, the organizing company is part of the “grey list”It consists of organizations that raise funds or provide financial services without registering or obtaining permission from the CNMV itself.
CNVM alerted both the event and the organizing company, as well as participating companies as sponsors and collaborators.
In addition, some sponsoring or collaborating companies such as Bybit or Huobi, collect advance warnings for not having permission to provide financial services. Among the multiple companies of a very similar nature, the existence of a giant like Coca-Cola, whose meaning seems to focus more on metadata than cryptocurrencies, is striking. There are also economists like Daniel Lacalle or Juan Ramón Rallo who have a profile far removed from young cryptocurrency enthusiasts.
In the past, other prestigious names were warned about the same thing when Andrés Iniesta started advertising a cryptocurrency buying house. He also said in an interview with Mani in the past: hidden Given the CNMV’s suspicions that your company offers training services, not investment services. “We are educating people on the new freedom, decentralization, new economy and cryptocurrencies,” he replied. In the same interview, you can see footage and testimonies of queers in their twenties waiting for a job interview at Mundo Crypto.
A lawyer with a long history in the cryptocurrency industry and smart contractsprefers to remain anonymous, explains xataka “This will certainly be perfectly legal and it is possible for those involved to learn about cryptocurrencies, NFTs or the metaverse, but the way he presents it from television with well-known faces who have nothing to do with it makes it less serious and believable.And in the end, whatever is left of this incident harms the entire industry,” he said.
Regarding the CNMT alert, it highlights “They no longer give unlicensed investment advice, they dress it up like a circus. Particularly in a bear market like the one right now by saying that everyone will win when they don’t clearly win. They are saved because there is a lot to regulate in terms of cryptocurrencies, but a serious investor, but interested in crypto, thinks twice when he sees such an event, this is mainly aimed at young enthusiasts who do not have much to lose,” concludes the lawyer.
Cryptocurrencies have been in a bearish cycle for several months after the massive rise. rally Between 2020 and 2021 (in line with the stock market performance of big tech companies meanwhile), LUNA, the ‘Lehman Brothers’ of Cryptocurrencies, with some industry-damaging events such as the closure of 2 or the debacle of 100,000 of its clients leaving their investments in limbo.
Meanwhile, other reputable crypto firms are no strangers to the turmoil. Bitpanda case, great exchange Europe announcing 250 layoffs. Among others. Gemini is loaded at 10 percent and Coinbase at 1,000 on what already seems like a huge workforce (6,000 employees at its peak).
The big cryptocurrency event in Spain is now struggling to find a reputation that supports it. It hasn’t done this with certain investor profiles and other professional figures around regulators and cryptocurrencies at this time, or after the conclusion of the 2021 edition of the event. great promise when we talk about any type of investment. Especially when it comes to something volatile, like cryptocurrencies, that leave huge benefits along the way but also strong victims.
Source: Xataka
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
