CONSOB Issues Warning against Binance

The Italian financial watchdog CONSOB has issued a warning against the companies of Binance, for delivering investment services and activities in the country without authorization.

Binance is operating the world's leading cryptocurrency exchange, according to its website. 

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The regulator warned that the exchange’s sections called "derivatives" and "Stock Token", relating to instruments related to crypto-assets, were previously also written in Italian on the website. Hence, it draws the Italy’s public attention and, more in general, investors are invited to make use of their utmost diligence in order to make their investment choices in full awareness, verifying in advance that the websites through which they make the investment can be attributed to authorized subjects.

Moreover, investors are invited to adopt the utmost caution in making transactions on instruments related to crypto-assets.

Shortly before, Fazzaco reported that Clear Junction, a global payments solutions provider, would ceases processing transactions​ related to Binance.