CONSOB Orders Blackout of 28 Websites Offering Financial Services

The Commissione Nazionale per le Società e la Borsa (CONSOB), the watchdog responsible for regulating the Italian financial market, issued a warning against 28 new websites for offering financial services without the proper authorization.

Below are the sites CONSOB has ordered to be blacked out:

- Gate Technology Corp (internet domains www.gate.io, www.gateio.rocks, www.gateio.ws);

- "EliteCrypto Trade" (internet domain www.elitecryptotrade.com);

- Maxbit LLC (internet domains www.quotex.io, www.quotex.com);

- PrimeXBT Trading Services LLC (internet domain www.primexbt.com and related page https://my.pimexbt.com);

- Po Trade Ltd (internet domain www.po.trade);

- AMarkets Ltd (internet domain www.amarkets.com and related page https://my.amarkets.org);

- "Finmax" (internet domain www.finmaxbo.com);

- SimpleFX Ltd (internet domain https://simplefx.com and related page https://app.simplefx.com);

- Vantage Global Limited (internet domain www.monetamarkets.com);

- "Ultimate-mining.co" (internet domain www.ultimate-mining.co);

- "Bitcoin ERA" and "Absystem" (internet domains https://bitcoinera.app and https://absystem.world);

- "Bitcoin ERA", "CryptoRobot", "Sagatrade" (internet domains www.bitcoinera.com, www.cryptorobot.com, www.sagatrade.io);

- "Bitcoin-evolutionpro", Twingle Consulting LTD (internet domains www.bitcoin-evolutionpro.com and https://cointrade.cc);

- "Bitcoin UP" "FXPLANB" (internet domains www.bitcoin-up.live and https://fxplanb.com);

- Binarium Limited (internet domains www.binarium.com, https://binarium.global and https://binarium.trading).

The watchdog has ordered the black-out of 28 new websites, but for technical reasons, it can take several days for the black-out to come into effect.

The commission availed itself of the new powers resulting from the 'Decreto Crescita' ('Growth Decree'; Law no. 58 of June 28, 2019, article 36), 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. 

The number of sites 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 593.