The Montenegro Capital Market Authority has published a list of legal and natural persons that it has identified, or reasonably suspects, as operating contrary to applicable rules or without the regulatory approval required to provide capital market services and crypto-asset related services. The notice warns that such entities may appear in the market and presents the list as a measure to protect investors and support market integrity. The authority urged citizens and investors to exercise increased caution when making investment decisions and to check whether a counterparty is registered and authorized before entering into a business relationship. Where doubts arise, investors are directed to verify the status of the relevant entity through the authority's official channels. The list is described as preventive and part of the authority's ongoing work to protect investor interests and improve transparency in Montenegro's financial system.