Number of unauthorized investment websites blocked by Italy’s Consob surpasses 170

Maria Nikolova

The regulator has ordered the blocking of access to six websites that illegally offer financial services to Italian investors.

Italy’s Companies and Exchange Commission (CONSOB) keeps making use of the powers granted to it under the so-called “Growth Decree”. On Mach 12, 2020, the regulator said it issued orders for the blocking of six websites, which illegally offer financial services to Italian investors.

The six websites are:

  • Novatrades Ltd (www.novatrades.com);
  • Game Capital ADS Limited (https://btcglobefx.com);
  • “WORLDFXM.COM” (https://worldfxm.com);
  • “GoldFxTrading” (GFT) (web.goldfxtrading.com);
  • “Alphacapital” (https://alphacapital.fm);
  • Swiss Capital Ltd (https://capitalswissfx.com).

This regulatory action takes the number of websites blocked by Consob since July 2019 to 174.

The activities for the blackout of these websites by the Internet service providers operating on the Italian territory are in progress. For technical reasons it can take a few days to implement them.

The readers of FinanceFeeds may recall that, last week Consob made use of new powers granted to it under Law no. 8 of February 28, 2020 (article 4, paragraph 3-bis).

The new regulations allow the regulator to order Internet service providers to block access to websites that advertise and/or offer financial products without prospectus. These new powers add to the ones granted to Consob under the “Growth Decree”. Last week, Consob said that it ordered the blocking of access to seven websites that offer financial products without prospectus.

Read this next

Digital Assets

Flock.io and io.net Unite to Pave the Way for Decentralized AI Development

In an effort to create a community-driven Flock.io platform for on-chain, decentralized AI models; the leaders have decided to join hands with io.net to power Flock with decentralized computing.

blockdag

Crypto 2025: The Action Points to Follow to Capitalize on Bitcoin and BlockDAG Network’s 2025 20000X ROI Predictions

In this analysis, we delve into the price predictions for Bitcoin and BlockDAG Network, and we explore the factors driving these projections while offering actionable insights for investors that are looking to capitalize on the 20000x potential of these projects.

Retail FX

Orfinex joins Financial Commission as approved broker member

Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality standards set by the commission.

Fintech

Telegram CEO’s Bitcoin stash valued in hundreds of millions

Telegram CEO Pavel Durov revealed that he has held several hundred million dollars in fiat and bitcoin for the past decade.

Digital Assets

Bitcoin drops below $60K as halving just 300 blocks away

Bitcoin fell below the $60,000 mark on April 17, just days before a scheduled reduction in mining rewards, known as the “halving,” which is set to occur on April 20.

Chainwire

New Meme Coin ICO Dogeverse Raises $6 Million After Completing Coinsult Audit

A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit.

The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets.

Retail FX

Interactive Brokers posts Q1 earnings, raises dividend

Interactive Brokers Group Inc (NASDAQ:IBKR) announced its first-quarter financial results for the period ending March 31, 2024. The leading automated global electronic broker reported a GAAP diluted EPS of $1.61 and an adjusted EPS of $1.64.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Gold  April 17 ,2024

The Fed’s hawkish stance on interest rates is strengthening the US dollar while central banks globally grapple with inflation and economic growth.

Digital Assets

Kraken launches self-custodial wallet, joining competitors like Coinbase

Kraken, the second-largest U.S.-based cryptocurrency exchange, has introduced its own digital wallet, aligning its offerings with those of competitors like Coinbase.

<