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The Commissione Nazionale per le Società e la Borsa (Consob) has announced the blackout of four new websites involved in the unauthorized offering of financial services or crypto-activities under the Markets in Crypto-Assets Regulation (MiCAR).
According to Consob, the Italian financial authority has exercised its powers under MiCAR to block several cryptocurrency service websites operating without the required authorization. The targeted websites include "Egplus.vip," "Egalite.bond," "Arbismart UAB," and "Blockbyteq." This action adds to a growing list of fraudulent platforms, with the total number of blacked-out sites reaching 1,304 since 2019. These blackouts are being implemented by internet service providers in Italy, though it may take a few days for the blocks to be fully effective.
Consob advises investors to exercise diligence when selecting investment platforms. It encourages verifying that operators are authorized and ensuring the availability of necessary documentation, such as a prospectus or white paper, before making investments.
