taly’s Companies and Exchange Commission (CONSOB) today announced that it has issued orders for the blocking of several new unauthorized investment websites.
The entities targeted by the latest set of orders are:
- “Investing Banks” (website https://investing-banks.com and related page https://online-sys-inv.com);
- Pim Mtf Markets Limited (website www.pimmtf.com);
- “Trade Republica” (website https://tradingrepublicaltd.com and related page https://cfd.tradingrepublica.com);
- Top Markets Ltd (website https://tender-capitalcfd.com and related page https://wt.tender-capitalcfd.com);
- Deroka UAB (websites https://dtcoin.tech, https://dtwallet.io and https://forcedmarketcap.tech);
- DTSocialize Holding PLC (website https://dtsmoney.com and related page https://portal.dtsmoney.com.)
In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”, converted by Law No. 58 of 28 June 2019) regarding the black-out of websites of abusive financial intermediaries, as well as of the powers introduced by the MiCAR (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the black out of websites through which cryptocurrency services are provided.
The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blocked, has thus risen to 1268. Last week, the regulator ordered the blocking of access to the websites of six unauthorized investment firms.
The implementation of the black-out of these websites by Internet service providers is ongoing. For technical reasons, it can take several days for the blocking to be implemented.
