Regulatory pressure surrounding Binance keeps increasing as Italy joins the club of jurisdictions that issued notices referring to the biggest crypto exchange by trading volume.
Italian government authority, responsible for regulating the country’s securities market, Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that states Binance is unauthorized to provide services in Italy.
Singled out as unauthorized
“Companies of the “Binance Group” are not authorized to provide investment services and activities in Italy, not even through the website www.binance.com whose sections called “derivatives” and “Stock Token”, relating to instruments related to crypto-assets, were previously also written in Italian,” stated Italy’s securities regulator CONSOB in yesterday’s notice.
Without providing any background for the notice as to why the exchange is being singled out,
CONSOB generally invited savers “to make use of their utmost diligence in order
Źródło: https://cryptoslate.com/after-uk-and-cayman-islands-binance-now-faces-regulatory-concerns-in-italy/
