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Italy Extends Fraud-Fighting Scope: Blocks Two Websites for Illegal Financial Services Ads
- The websites were running digital advertisements using the images of the Italian Prime Minister and President.
- CONSOB has blocked access to 1,194 potentially fraudulent websites since July 2019.
Thursday, 12/12/2024 | 10:00 GMT by
Arnab Shome
“If the Crypto Bubble Bursts, No One Will Come for Compensation,” Consob Commissioner
- Crypto ownership in Italy rose from 8% to 18% between 2022 and 2023, often with limited risk awareness.
- Vulnerable groups and those with lower financial literacy, depend on social media for advice.
Friday, 22/11/2024 | 15:12 GMT by
Tareq Sikder
Italy's Lawmakers Oppose Crypto Tax Increase in Budget Proposal
- Economy Minister Giancarlo Giorgetti proposed raising cryptocurrency capital gains taxes from 26% to 42%.
- A section of legislators is now opposing the steep tax hike, suggesting a cap of 28%.
Tuesday, 19/11/2024 | 19:31 GMT by
Jared Kirui
How Financial Scammers Are Sliding Into Your WhatsApp DMs
- Italian CONSOB warns of sophisticated investment scams operating through WhatsApp, impersonating major investing firms.
- The schemes target retail investors with fraudulent trading opportunities, prompting increased vigilance from authorities.
Monday, 18/11/2024 | 09:00 GMT by
Damian Chmiel
Italy's Move to Increase Bitcoin Tax to 42% Follows Global Regulatory Trends
- Previous efforts by countries like India to tax cryptos have led to decreased trading volumes.
- The announcement coincides with the preparation to implement crypto regulations MiCA.
Wednesday, 16/10/2024 | 11:51 GMT by
Tareq Sikder
eToro Ventures into Italian Fintech through Collaboration with SDA Bocconi
- The Hub aims to connect companies, startups, and researchers while offering learning opportunities.
- eToro will help design an event focused on the fintech industry's role in financial markets.
Monday, 15/07/2024 | 16:18 GMT by
Tareq Sikder
Another Regulator Warns against Prop Firms, Calls Them Trading “Video Games”
- Italian Consob, along with FSMA and CNMV, is warning against proprietary trading.
- According to the institution, its growing popularity carries significant risks for investors and their capital.
Monday, 08/07/2024 | 08:11 GMT by
Damian Chmiel
Shift4 and Atlante Partner for EV Charging Payments in Southern Europe
- Europe saw around 7.8 million EVs on its roads in 2022, marking a significant surge.
- EV charging payments have begun in Italy and France, set to expand to Spain and Portugal by early 2024.
Tuesday, 19/03/2024 | 15:46 GMT by
Tareq Sikder
ACEPI Embraces Spectrum Markets as the First MTF Associate
- This partnership aims to elevate industry standards for investor education and protection in securitised derivatives.
- ACEPI advocates responsible use of investment products, particularly certificates.
Thursday, 21/12/2023 | 13:55 GMT by
Tareq Sikder
Spectrum Markets to Offer Reference Data in Italy, Other Countries to Follow
- Initially, the partnership will focus on Spectrum's reference data, possibly incorporating additional data streams.
- After Italy's launch, Spectrum wants to roll out the service in other countries.
Tuesday, 18/04/2023 | 09:17 GMT by
Damian Chmiel
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