Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to 10 unauthorized crypto websites.
The websites affected by the orders are:
- “YTT975” (website https://ytt975.it);
- “YQZ585” (website https://yqz585.it);
- “EWQ778” (website https://ewq778.it);
- “AWE818” (website https://awe818.it);
- “GRT325” (website https://grt325.it);
- “TUT551” (website https://tut551.it);
- “SFS854” (website https://sfs854.it);
- “12DEF” (website https://12def.it);
- “YTH937” (website https://yth937.it);
- “C7VIZ” (website https://c7viz.it).
The Authority has exercised the powers introduced by the MiCAR regulations (Regulation (EU) 2023/1114 and Legislative Decree no. 129 of September 5, 2024) to block the websites providing crypto-asset services to Italian investors without the required authorizations.
This brings the total number of websites blocked by Consob to 1,399 since July 2019, when the Authority was granted the power to order the blocking of the websites of unauthorized financial intermediaries.
Internet service providers operating in Italy are currently blocking the above-mentioned websites. 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.
