RATE Group | Italy’ s Securities Regulator Warns Against Three Unregulated Cryptocurrency Companies
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Italy’ s Securities Regulator Warns Against Three Unregulated Cryptocurrency Companies

22 Nov Italy’ s Securities Regulator Warns Against Three Unregulated Cryptocurrency Companies

Posted at 09:34h in Cryptocurrency News by

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Italian Securities Regulator Warns Against Three Unlicensed Cryptocurrency Companies

Economy & Regulation

Italy’s financial regulator, the National Commission for Companies and the Stock Exchange (CONSOB), has warned against three cryptocurrency companies engaged in schemes to promote cryptocurrency mining and investments. CONSOB said the companies were neither licensed nor authorized to provide the services they promised.

Also read: North Korea to Hold Crypto Conference in April

Cease and Desist Notice for Unlicensed Firms

Italy's Securities Regulator Warns Against Three Unlicensed Cryptocurrency Companies

On Nov. 20, the Italian regulator issued a cease and desist notice against foreign currency broker Richmond Investing, alleging it did not hold a valid license and was providing “unauthorised investment services and activities to the Italian public.” Richmond Investing promises investors high returns within a short…

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