Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to nine unauthorized investment websites.
The websites targeted by the orders are:
- “Spreadmarkets” (website https://spread-markets.com and related page https://client.spread-markets.com);
- “BitVex” (website https://bit-vex.com);
- “Financexlimited” (website https://finance-xlimited.com and related page https://client.finance-xlimited.com);
- “Finco Trades” (website https://finco-trades.org and related page https://web.webfin-trades.org);
- “Geneve Capital Invest” (website https://geneveinvesting.com and related page https://webtrader.geneveinvestingmarkets.com);
- “Afex Markets” (website https://afex-markets.com and related page https://web-traderx.com);
- “Spazio Finanziario” (website www.spaziofinanziario.pro and related page https://clients.spaziofinanziario.pro);
- “Ynln.com” (website www.ynln.com);
- Bit Vanetta Limited (website https://thebitvanettatrade.com).
In issuing the orders, the Authority exercised the powers granted by the “Growth Decree” (Law No. 58 of June 28, 2019, Article 36, paragraph 2-terdecies) regarding the blackout of illegal financial intermediaries’ websites, and the power introduced by Law No. 8 of February 28, 2020, Article 4, paragraph 3-bis, regarding the blackout of the website through which the abusive offer is made, as well as the powers introduced by the MiCAR regulations (Regulation (EU) 2023/1114 and Legislative Decree no. 129 of September 5, 2024) regarding the blackout of websites through which crypto-asset services are provided to Italian savers in the absence of the required authorizations.
The total number of websites blocked by Consob since July 2019 has risen to 1,408.
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.
