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The Commissione Nazionale per le Società e la Borsa (Consob) has announced the black-out of seven new websites involved in the unauthorized offering of financial services or crypto-activities under the Markets in Crypto-Assets Regulation (MiCAR). The announcement was made in a press release on March 27, 2025.
According to Consob, the action targets four financial intermediation platforms and three cryptocurrency service providers that were operating without necessary authorization. This measure is part of Consob's ongoing efforts to combat unauthorized financial services and protect consumers. The authority to block such websites was granted by the "Decreto crescita" (Growth Decree) and MiCAR regulations.
Since receiving this authority in 2019, Consob has blacked out a total of 1,275 websites involved in abusive activities. The recently blocked platforms include Finanza Expert, Cmswiss, Aspect-Markets, UCapital Trading, Caa871, Sdf837, and SYBZ. The black-out process is implemented by internet service providers in Italy and may take several days to fully take effect.
