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Italy’s Regulator Shuts Down 8 Crypto-Related Sites

Italy’s Regulator Shuts Down 8 Crypto-Related Sites

Italy’s Regulator Shuts Down 8 Crypto-Related Sites-Techcryption-01

Italy’s securities regulator has allegedly shut down a total of eight crypto-related sites, with six being the foreign exchange platforms and two crypto trading sites. Reportedly, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) has deemed the sites promoting trading products and services illegally in the country.

The list of sites to be blocked include, among others are as below: –

Notably, the Italian regulator has blocked a total of over 100 crypto-related sites since July 2019. Supported by the “Decreto Crescita’ law, the Italian regulator is given access to obstruct Italian investors’ access to online brokers.

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Despite that, the Italian authorities have set out to establish cryptocurrency regulation domestically and aim to create a guideline for the regulation of all financial and IT-related firms to regulate their financial transactions via electronic means.

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