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Soccer Star Andrés Iniesta Warned by Spanish Regulator After Promoting Binance
“I’m learning how to get started with crypto with @binance,” Iniesta told his 25 million Twitter followers.
Soccer star Andrés Iniesta, who plays for Japan’s Vissel Kobe, received a warning from the Spanish markets regulator after he promoted trading on cryptocurrency exchange Binance.
Iniesta, who spent much of his career at FC Barcelona and has over 25 million followers on Twitter, wrote that he is “learning how to get started with crypto with @binance #BinanceForAll.”
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Estoy aprendiendo cómo empezar con las criptomonedas con @BinanceES #BinanceForAll
— Andrés Iniesta (@andresiniesta8) November 24, 2021
I’m learning how to get started with crypto with @binance #BinanceForAll pic.twitter.com/3Km58KrnPG
Spain’s markets regulator, the National Securities Market Commission (CNMV), replied to the tweet, pointing out that “cryptoassets, being unregulated products, carry some significant risks.”
There was no indication whether Iniesta was paid to post the message about Binance, Reuters reported. Former teammates at Barcelona are known to share their enthusiasm for crypto projects.
Iniesta had not responded to a request for a comment through the club’s press office by publication time.
CORRECTION (Nov. 25, 10:38 UTC): Corrects Iniesta’s soccer club, changes photograph.
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
