08.12.2023
The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of 7 new websites that abusively offer financial services/financial products: 6 abusive financial intermediation sites and 1 site through which financial products are offered without a prospectus.
The Authority availed itself of the powers deriving from the "growth decree" (Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies) regarding the blackout of the sites of abusive financial intermediaries, as well as the power introduced by Law no. 8 of 28 February 2020, article 4, paragraph 3-bis, regarding the blackout of the website through which the abusive offer is made. The measures adopted by Consob can be consulted on the website www.consob.it.
Below are the sites Consob has ordered to be blacked out:
BTX+ (website https://btxplus.io and its pages https://client.btxplus.io and https://webtrader.btxplus.io);
Tide Technologies Group (website https://tidetechnologiesgroup.ltd);
Fast-MNG EU Limited (website www.fast-mng.com);
Alfacapitalinvest (website https://alfacapitalinvest.com and its page https://client.alfacapitalinvest.com);
Bitcoinup e UfinaCapital (websites https://bitcoinup.io and https://ufinacapital.pro and page https://ufina.trade);
Digital Trust CSP Fzco (website www.doublefinance.io).
The number of sites blacked out since July 2019, when Consob was given the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 977.
Consob has also suspended as a precautionary measure, for a period of 90 days, the activity of offering to the public residing in Italy, including via the website www.doublefinance.io of Digital Trust CSP Fzc.