As a seasoned crypto investor with a keen interest in staying informed about regulatory developments, I’m relieved to see Italy’s Securities Regulator, Consob, taking active steps to protect local investors from illegal trading platforms. The recent addition of Luno Invest, Vantage Global Limited, and Capital4it Ltd to the list of blocked websites is a welcome move in the right direction.
Italy’s securities regulatory body, Consob, has expanded its list of prohibited trading websites with a new safeguard for Italian investors. This update blocks illegal platforms operating in Italy that deal with financial instruments like forex and contracts for difference (CFDs). Some recently exposed sites include Luno Invest, Vantage Global Limited, and Capital4it Ltd.
The regulatory body, Consob, under the “Decreto Crescita” law, has been proactively working to halt illegal online trading services in Italy. It can request Italian Internet Service Providers (ISPs) to restrict access to websites that violate the law. Consequently, some domains have been barred to shield local traders from fraudulent activities and ensure legitimate financial transactions.
As a researcher studying the financial market trends, I’ve noticed that the recent regulatory actions in Italy have stirred up old concerns regarding investments in crypto assets and contracts for differences (CFDs). These fears are a response to the country’s renewed commitment to upholding local norms and combating deceptive practices, as demonstrated by the €1.3 million fine imposed on eToro for misleading advertisements in March of this year.
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2024-04-27 03:48