Consob Blocks 28 Financial Platforms Named in a Police Report

The Italian financial market supervisory, Commissione Nazionale per le Società e la Borsa (Consob), announced on Thursday the addition of another 28 names in its long list of blacklisted financial services platforms.

The latest intervention by the securities market regulator was the result of a report received from the country’s Finance Police. Both agencies have now agreed to collaborate on their bust against illegal investment platforms with the formation of a joint workforce.

The latest list includes the names of the financial platforms, mostly related to cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, that are offering services in the country illegally.

Popular Names

however, some of the names on the list are popular names in the industry like Gate Technology Corp operating as Gate.io, PrimeXBT and SimpleFX. Other names on the list are EliteCrypto Trade, Maxbit, Po Trade, Finmax, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ERA and Bitcoin-evolutionpro.

With this latest addition, Consob’s blacklist now includes 593 names of financial services companies.

Furthermore, the regulator has blocked access to all of their domains on a network level, meaning no one from Italy can open the websites of these platforms. Though other European regulators are warning against illegal platforms, the Italian watchdog is one of the very few to have to authority to block the websites.

“Consob draws investors' attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common-sense behavior, essential to safeguard their savings: these include, for websites that offer financial services, checking in advance that the operator with whom they are investing is authorized, and, for offers of financial products, that a prospectus has been published,” the regulator stated.