Soccer Star Andrés Iniesta Warned by Spanish Regulator After Promoting Binance

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Soccer star Andrés Iniesta, who performs for Japan’s Vissel Kobe, obtained a warning from the Spanish markets regulator after he promoted buying and selling on cryptocurrency change Binance.

Iniesta, who spent a lot of his profession at FC Barcelona and has over 25 million followers on Twitter, wrote that he’s “learning how to get started with crypto with @binance #BinanceForAll.”

Spain’s markets regulator, the National Securities Market Commission (CNMV) replied to the tweet, stating that “cryptoassets, being unregulated products, carry some significant risks.”

There was no indication whether or not Iniesta was paid to put up 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 remark by the membership’s press workplace by publication time.

CORRECTION (Nov. 25, 10:38 UTC): Corrects Iniesta’s soccer membership, adjustments {photograph}.