United We Can ask the Community of Madrid to cancel the cryptocurrency macro-event
The parliamentary group of United We Can in the Madrid Assembly has sent a letter to the Government of Isabel Díaz Ayuso to ask it to cancel the macro-event 'Crypto Metaverse Day World'a festival on cryptocurrencies organized by a company without a license to attract investors and several "financial beach bars", according to the alert launched this week by the National Securities Market Commission (CNMV).
Cristina Pedroche and Jorge Fernández get out of the cryptocurrency macro-event after the CNMV alert
“From United We Can ask those responsible for the Ministry [de Cultura, Turismo y Deporte] that they urge the concessionaire to cancel the celebration of the event called Mundo Crypto Metaverse Day and that the Community of Madrid disassociate itself from said event and alert the general population of the risks involved in the so-called cryptoactives and the organizations that proliferate around them ”, has requested the confederal formation in the letter, which is signed by the deputies Beatriz Gimeno and Soledad Sánchez Maroto.
United We Can understand that despite the fact that the festival is managed by a private company, "the Community of Madrid cannot ignore the celebration and consequences of this macro event" in a public facility – although privately managed – such as the WiZink Center.
The event aims to bring together some 7,000 people in this pavilion this weekend with the aim of promoting investments in crypto assets and, although initially it was going to have Cristina Pedroche and Jorge Fernández as presenters, after the CNMV alerts both personalities have decided to remove themselves from the appointment. The Coca-Cola company has also announced that it is withdrawing its sponsorship. The series of casualties also includes the actors Pablo Chiapella and Macarena Gómez.
The idea of the organizers is to break a Guinness record for participation in a crypto conference. Their main objective, they say, is to promote "mass adoption" of these digital devices by the general public. Other participants, such as the economists Daniel Lacalle or Juan Ramón Rallo, have explained to this medium that they will maintain their participation with the aim of "warning" about the risks of crypto assets.
United We Can echoes the CNMV's alerts in its letter and recalls that "bankruptcies and alleged scams linked to crypto assets have left more than 140,000 people trapped" in Spain. "According to a recent survey by the CNMV itself, 40% of investors in cryptocurrencies believe that they are regulated by law and 29% consider that they have the same risks as any other investment," says the letter addressed to the Minister of Culture, Tourism and Sports, Marta Rivera de la Cruz, as well as the main officials of her portfolio.
The event –they point out– will be held at the WiZink Center in Madrid, the former Palacio de los Deportes, located in the Salamanca district, whose management was awarded in 2014 through a public tender “to the company Impulsa Eventos e Instalaciones SA for a period of ten years, extendable for five more years, to manage the use of the pavilion and its image and naming rights”. "Despite the private management of this public facility, we understand that the Community of Madrid cannot ignore the celebration and consequences of this macro event for all the above," they insist.