Finance Feeds logo

Number of illegal online trading websites blocked by Italy’s Consob reaches 290

Maria Nikolova

The regulator has ordered the blackout of six new websites, which illegally offer financial services.

Italy’s Companies and Exchange Commission (CONSOB) today announces that it has ordered the blocking of access to six new websites, which illegally offer financial services.

By ordering the blackout, the regulator made use of the powers granted to it under the “Growth Decree” (Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet service providers (ISPs) to inhibit access from Italy to the websites through which financial services are offered without due authorization.

The sites targeted by the latest orders are:

  • “Tio Markets Ltd” (www.tiomarkets.com);
  • “Terratech Ltd” (www.eufxindex.com);
  • “GFX FINANCE” Capital Letter GMBH (www.gfxroyal.com);
  • “Luxor Asset Management Trust” (www.luxoramt.com);
  • “bstox24” (https://bstox24.com and related page https://client.bstox24.com);
  • “Crypterium Financial Services” (https://crypteriumfs.com).

The latest set of orders has taken the number of online trading websites blocked by Italy’s Consob to 290. Consob has been issuing such orders since July 2019, when the “Growth Decree” came into effect giving the regulator the additional powers to protect investors. Prior to that, the regulator had to count on warnings.

The activities for the blackout of the above-mentioned websites by the ISPs operating in Italy are in progress. Due to technical factors, it can take a few days to implement the blackout.

Subscribe

Read this next

Retail FX

Moomoo onboards 100,000 Malaysian clients in six weeks

“We are committed to enhancing the investment experience with smarter tools and deeper insights. Our mission is to not only grow with the Malaysian market but to lead it, shaping the future of investing in the region.”

Institutional FX

Clearwater completes acquisition of Wilshire’s analytics solutions

“Our vision is to create the preeminent investment management solution for firms around the globe. Clearwater’s integrated platform eliminates the need for multiple data reconciliations, serving as a reliable singular source of truth.”

Fintech

BizCuits integrates DXtrade platform for CFD brokers and props

The DXtrade platform features built-in trading journals, performance dashboards, responsive charting, and mobile trading apps.

Chainwire

Decoding Bitcoin’s Future: Bybit Insights on Halving, ETFs, and Macro Shifts

In a riveting panel discussion hosted by Bybit, one of the world’s top three crypto exchanges by volume, key figures from the crypto industry gathered to discuss crypto and global finance.

Digital Assets

CoinMENA taps Zodia Markets for enhanced liquidity

“With Zodia Markets we substantially enhanced our service offering and can provide investors with more efficient avenues for entering and exiting the digital assets market, with minimal transaction costs and efficient settlement.”

blockdag

BlockDAG’s Rise: A Potential $20 By 2027 Against Bitcoin And Ethereum Classic’s Fluctuations, Achieving $19.5M In Presale

With projections setting BlockDAG’s value to soar to $20 by 2027, its innovative ASIC mining rigs and a strategic lunar keynote teaser enhance its allure as the top long-term cryptocurrency investment.

BlockDAG 1DAG equals
Chainwire

Unveiling the KARRAT Protocol: Pioneering the Next Era of Gaming, Entertainment, and AI Innovation, Reshaping Hollywood and Beyond

$KARRAT is the governance token of the KARRAT Protocol. Using $KARRAT, the community will determine how the KARRAT Protocol is integrated into games and products, empowering the community of players and consumers, much more than traditional entertainment titles have.

Digital Assets

FTX customers drop claims against Sam Bankman-Fried

Former FTX CEO Sam Bankman-Fried has reached a preliminary settlement agreement with a group of FTX customers who have decided to drop their class action lawsuit against him.

Sam Bankman-Fried
Digital Assets

Ontario court sues Binance for securities law violations

Ontario’s Superior Court of Justice has filed a class action lawsuit against cryptocurrency exchange Binance for allegedly selling crypto derivative products to retail investors without registration, violating securities laws.

<
✖