In Spain creators with more than 100,000 followers need to notify the authorities if they intend to promote a product linked to crypto. This should take place at least 10 days before they carry out their promotion. Those who do not follow this rule risk paying a fine of up to EUR 300,000.
Creators also need to inform their audience whenever they are being compensated monetarily or otherwise for the advertising. This includes integrating alerts in a clear way to make users aware that the content is advertising and that the creators are receiving payments for it. They are also required to warn the audience that the cryptocurrency market is not regulated.
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