Italian securities regulator Commissione Nazionale per le Società e la Borsa (CONSOB) has suspended two projects that were reportedly offering fraudulent crypto investment schemes in the country.
The chief financial regulator in Italy, the Commissione Nazionale per le Società e la Borsa (CONSOB), has issued a cease and desist order to SolutionsCM Ltd. over an alleged breach of Italian securities laws.
Three crypto companies, Richmond Investing, Crypton Ltd. and Eagle Bit Trade, along with Alessandro Brizzi, who represents Cryptoforce Ltd., were found to have been not authorized to promote their products in Italy.
Investors of Bitgrail have suffered yet another setback, following announcements that the Italian courts have seized the assets of the embattled cryptocurrency exchange as the firm’s bankruptcy proceedings continue.
BitGrail, which recently made headlines due to February's Nano hack, found itself again a victim of yet another unfortunate incident that dented quite a bit of its credibility.
Italian officials want the public to share ideas and suggestions regarding possible crypto regulation in the country.