Quantcast

Consob announces black-out of 7 websites for unauthorized financial services

Fortune Crypto author: Nigerian government may 'regret its unjustified decision' to detain former U.S. federal agent
Crypto: Coinbase and its layer 2 Base team up with payment giant Stripe
Early Legislative Elections: A Pro-Crypto Candidate is Running!
Solana launches “Blinks” and “Actions”: a revolution in the world of Web3?
Breaking: the ECB publishes its digital euro report, an expert announces a China 2.0 in Europe
EU crypto sector faces disruption from next week's MiCA rules targeting stablecoin activity: analyst
Laser-eyed candidate cuts lonely path in French election as crypto ponders uncertain future
Mt. Gox to Begin Repayments in July; BTC Slides Under $61K
How this Bitcoin miner plans to eke out a profit during a rocky time for the industry
Binance Announces Tether Integration on Toncoin Network
Ethereum finally ready for its rise? The holders are holding on!
Binance CEO: Employee detained in Nigeria 'is a true professional of the highest integrity'
El Salvador’s president wants to use Bitcoin for national projects. Here are six ways how
US Lawmakers Visit Detained Binance Executive in Nigeria, Point to Health Concerns
Discover this pro-Bitcoin French woman who is running for the 2024 legislative elections
Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment
SEC closed the book on its Ethereum 2.0 investigation, but legal questions remain
SEC Drops Investigation into Ethereum (ETH), Consensys Says
Crypto top & flop: finally a rebound and what a rebound for the market!
Nigerian court dismisses escaped Binance exec’s human rights suit
A Wave of Large-Scale Liquidations is Sweeping Through the Crypto Market
El Salvador launches its private Bitcoin bank and takes on the banking system
Coinshares Rebrands Its Nordic Crypto ETP
Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push
Proof of humanity: how Humanity Protocol gives a human face to Web3
President Bukele proposes Bitcoin bank for El Salvador two weeks after starting second term
The State of Crypto: The Fortune 500 Moving Onchain
Nigeria drops tax charges against ailing Binance exec as spouse calls for end to ‘nightmare’
Tesla (TSLA): shareholders validate Elon Musk's $56 billion compensation plan
Gary Gensler Predicts Ethereum ETF Approval by Summer's End
Consob announces black-out of 7 websites for unauthorized financial services
Web3/Crypto
Webp savona
Paolo Savona, president of Consob | Consob

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.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

According to the European Union, MiCA establishes uniform rules for crypto-asset issuers and service providers not covered by existing EU laws. It aims to ensure transparency, consumer protection, and market stability with specific obligations for different types of crypto-assets, including e-money and asset-referenced tokens. Effective from December 30, 2024, the regulation includes provisions on governance, disclosure, and preventing market abuse with oversight by EU authorities like the European Banking Authority (EBA) and European Securities and Markets Authority (ESMA).

Consob serves as Italy’s financial market regulator responsible for ensuring transparency and proper conduct among financial operators. It aims to protect the integrity of the financial system and safeguard investors by monitoring compliance with financial regulations and taking action when necessary. Consob ensures that investors have access to accurate information for informed investment decisions while promoting efficient financial trading.

More News

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025

Changpeng "CZ" Zhao, founder of Binance, said that practical education data from his Giggle Academy learning platform will connect young learners to job opportunities instead of focusing on degrees.

Jun 23, 2025