According to ChainCatcher, citing Cryptonews, Spanish legislators are requesting that the country's financial regulatory authority implement a "traffic light" risk warning system for crypto assets.
The system will categorize crypto assets into four levels - green, yellow, orange, and red - based on their registration, support, regulatory status, and market performance stability.
Green represents assets with good registration, support, and regulation; yellow represents assets with "limited support" or medium volatility; orange represents unregulated, high-risk assets; red is used for speculative assets with "no clear issuer or substantial support".
