The Italian Securities Commission (Consob) ordered the blocking of 14 websites as part of its enforcement against unlicensed financial activity, targeting four sites offering investment services on financial instruments without authorisation and ten sites providing crypto-asset services to Italian savers without authorisation. Consob published the list of affected sites and noted that implementation by Italian internet connectivity providers is under way and may take several days for technical reasons. The measures relied on powers under Italy’s “Growth Decree” to block websites of abusive financial intermediaries and on the MiCAR framework (EU regulation and Legislative Decree No. 129/2024) for unauthorised crypto-asset services, bringing the total number of sites blocked since July 2019 to 1,622, including 146 linked to crypto-asset schemes. Consob also reiterated investor due diligence expectations, including checking authorisation status and the availability of a prospectus or white paper, and warned of evolving online fraud tactics such as cloned websites, fake profiles and AI-generated content.
Italian Securities Commission (Consob) 2026-03-25
Italian Securities Commission orders blocking of 14 websites providing unauthorized investment and crypto-asset services
The Italian Securities Commission (Consob) has ordered the blocking of 14 websites for unlicensed financial activities, including four offering unauthorised investment services and ten providing unauthorised crypto-asset services. This enforcement action, under Italy's "Growth Decree" and the MiCAR framework, brings the total number of blocked sites to 1,622 since July 2019. Consob also emphasized investor due diligence and warned of evolving online fraud tactics.