CONSOB Continues to Tackle Abusive Websites, Adds Five New to Its Blacklist

Consob has ordered the black-out of 5 new websites that offer financial services illegally.

The Authority availed itself of the powers deriving from the "Decreto crescita" ("Growth Decree"; Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order internet service providers to block access from Italy to websites offering financial services without the proper authorization.

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Below are the websites Consob has ordered to be blacked out:

• "Cms Ltd" (website www.capmarketstrategy.io and related page https://client.capmarketstrategy.io);

• "Bitsterzio" (website https://www.bitsterzio.com);

• "Invest Atlas" (website https://investatlas.co);

• Ether-Arena Ltd (websites www.ether-arena.com and https://vineab.com and related page https://clientzone.vineab.com).

The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 801.

The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect.