Italian Financial Regulator Issues Cease And Desist Order Against Crypto Startup Avacrypto

News, Regulation | December 26, 2018 By:

The National Commission for Companies and the Stock Exchange (CONSOB), Italy’s financial regulator, has issued a cease-and-desist order against cryptocurrency startup Avacrypto for offering unauthorized investment services.

Avacrypto allegedly offered its services to the Italian public while not registered with any European regulator as a licensed broker.

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Italian Financial Regulator Warns Against Three Unauthorized Crypto Firms

News, Regulation | November 22, 2018 By:

The National Commission for Companies and the Stock Exchange (CONSOB), Italy’s financial regulator, has warned against three unlicensed cryptocurrency companies.

Earlier this week, CONSOB entered separate cease and desist orders against foreign currency broker Richmond Investing, initial coin offering token issuer Crypton and bitcoin trading platform Eagle Bit Trade.

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