Elon Musk’s X penalised: €5M fine for crypto ad breach; Spain enforces regulations

Spanish regulators have fined X, formerly Twitter, five million euros. The penalty stems from the platform’s failure to prevent unauthorized cryptocurrency advertisements. This action highlights Spain’s increasing focus on regulating financial product promotions online. X faces a significant regulatory challenge as authorities tighten checks on digital advertising. Users are advised to exercise caution with financial promotions on the platform.