Metaverse Day in Madrid: A Crypto Education Push Faces Regulatory Scrutiny and Public Debate

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With the ongoing debates about finance and investment regulation, Madrilenian reports that Wizink Center will host Metaverse Day this Saturday. An event organized by Mundo Crypto, the company led by Canary Mani Thawani, which has already announced attendance from about 7,000 people, describes the day as a training experience. The founder, Mani Thawani, is a rising figure in the crypto space who faces scrutiny from some observers who see the gathering as a way to draw followers and potentially shift portfolios.

This is not Thawani’s first large event. Last year the venue was the MadBeach Club in Madrid, and public opinion among supporters and critics of the crypto influencer was mixed. Critics have raised concerns about pump and dump tactics, accusing some participants of inflating prices to profit later.

Crypto incident in Madrid fades after CNMV complaint: Jorge Fernández and Cristina Pedroche stand out

Who is Mani Thawani? Born in Las Palmas de Gran Canaria in December 1992 to a family of Hindu origin, the artist moved to Tenerife at the age of five. He studied at an English-language school until a family decision forced a break at age 16.

save and learn

After that, he pursued remote education and explored topics he believed would shape his professional path. He recalls saving while learning as a key advantage, noting that his early focus on financial discipline helped him grow.

By age 24, he had seven years of experience with consumer goods companies and reportedly completed more than a hundred specialized training courses. Thawani asserts that those trainings helped him gather essential knowledge in computing, finance, economics, marketing and sales.

Thawani encountered bitcoin in 2015. He recalls approaching crypto initially as a money-making venture, yet soon recognized its deeper meaning of freedom and decentralization, a realization he attributes to his Canary roots.

His current objective centers on building a training academy and a virtual universe for learning where participants can access content in more than 20 languages and support international business growth. The team emphasizes that blockchain can be applied across industries to promote financial independence.

The event host for MundoCrypto last year was the well-known actress and presenter Santi Millán. This year the event features Jorge Fernández and Cristina Pedroche on stage, with some previously announced personalities opting out. Macarena Gómez and Pablo Chiapella did not participate.

An upcoming showcase will include Mani 2.0, an avatar representing Thawani inside the metaverse. The creator explains that Mania version 1.0 has evolved, and the digital version will be on hand to answer questions about cryptocurrencies, present live shows, and even engage with the audience. The Mundocryptooficial Instagram account has been active with updates.

Earlier this week the National Securities Market Commission CNMV issued a warning that MundoCrypto and some event sponsors are not authorized to provide investment services or raise funds. MundoCrypto has been listed on CNMV’s gray list since July of the previous year, while some other platforms, including Huobi, Bitget and Bybit, are treated with caution.

Thawani stated at a CNMV press conference that the project is focused on educating participants about the benefits and risks of cryptocurrencies, while acknowledging that regulators act to protect users in light of recent concerns about pyramid schemes linked to crypto education programs. He indicated that the tone of the day was intended to be educational and transparent.

As if collaboration with Inditex were possible, Thawani jokes about sponsors

In March, authorities moved to disband IM Academy, a group described as a cult posing as an investment program that allegedly taught its affiliates to work with crypto but left many victims financially harmed.

Mundo Crypto is viewed by some as a crypto and blockchain education platform and a closely watched player by CNMV. Thawani maintains that the aim is to equip students with knowledge about the benefits and risks of digital currencies, and he hopes that regulators will attend the upcoming event, which is free to enter. He notes that the initiative has strong backing from sponsors and signals strong ambition in the sector.

Thawani expresses appreciation for sponsor support, noting that partners are among the leading players in the field. In his words, if the world’s top companies are involved, collaboration should be possible, hinting at potential partnerships beyond the crypto space.

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