Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to eight unauthorized websites offering investment in crypto-assets.
The entities targeted by the latest orders are:
- “YUI236” (website https://yui236.it);
- “DRST78” (website https://drst78.it);
- “GDY733” (website https://gdy733.it);
- “XUR652” (website https://xur652.it);
- “YZA335” (website https://yza335.it);
- “BHP536” (website https://bhp536.it);
- “MJU567” (website https://mju567.it);
- “TNT788” (website https://tnt788.it).
In issuing the orders, the regulator has used the powers granted to it under the MiCAR regulations (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of September 5, 2024).
The blocking of the above-mentioned websites by Internet service providers operating in Italy is on its way. For technical reasons, the actual blocking may take several days to implement.
Consob draws investors’ attention to the importance of exercising utmost diligence in making fully informed investment decisions, adopting common sense practices that are essential for safeguarding their savings. These include prior verification, for websites offering financial services and crypto-assets, that the operator through which they are investing is authorized, and, for financial products and crypto-assets, that the prospectus or white paper has been published.
To this end, Consob reminds investors that the homepage of the website www.consob.it includes a “Beware of Scams!” section, which provides useful information to warn investors against abusive financial initiatives.
