The Italian Securities Commission (Consob) has ordered the blocking of 17 additional websites through which investment services on financial instruments or crypto-asset services were allegedly provided to Italian investors without the required authorisations. The order covers seven sites linked to unauthorised financial intermediation and 10 sites used to provide crypto-asset services. Consob relied on its powers under Italy’s “Growth Decree” framework for abusive financial intermediaries and on the powers introduced under MiCAR (Regulation (EU) 2023/1114) and its Italian implementing legislation for crypto-asset services provided in the absence of the prescribed authorisations; the list of sites includes “Activ Markets”, “Geneveinves”, “NordaLeur”, “Soria Limited”, “MRX Capital Trading”, “Gradiopexo” and multiple “.it” domains. This brings the total number of sites blocked by Consob since July 2019 to 1,460. Blocking activities by Italian internet connectivity providers are underway and may take a few days for technical reasons. Consob also reiterated investor due-diligence expectations, including checking authorisation status and the availability of a prospectus or white paper, and pointed to its “Watch out for scams!” website section as a reference resource.
Italian Securities Commission (Consob) 2025-10-23
Italian Securities Commission orders blocking of 17 unauthorised financial and crypto-asset services websites
The Italian Securities Commission (Consob) has ordered the blocking of 17 additional websites for providing unauthorised investment and crypto-asset services to Italian investors. This action, under Italy’s “Growth Decree” and MiCAR regulations, increases the total number of blocked sites to 1,460 since July 2019. Consob emphasized investor due diligence and referred to its “Watch out for scams!” section for guidance.