Binance’s regulatory woes don’t seem to be near the end as one more nation has joined the growing list of regulators that have issued some form of warning against the world’s largest crypto exchange over the past month.
CONSOB, Italy’s regulatory watchdog has become the seventh regulator to issue a warning against Binance. The regulatory watchdog said Binance Group of companies are not authorized to offer any investment services in the country. The official warning read,
The Consob warns investors that the company’s ” Binance Group ” is not authorized to provide investment services and activities in Italy, even though the site www.binance.com whose sections called ” derivatives ” and ” Stock Token ” regarding instruments related to crypto-assets, were previously also written in Italian.
CONSOB also advised traders to do due diligence before investing via any such online exchange platform to ensure it falls under the jurisdiction of the law. The warning by CO
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