Tag: Digital Exchange

Sure, scammers most likely launch a few dozen new websites every single day. Thus, closing down five per week doesn’t sound too impressive, but it’s a start. Like every week, the Italian regulator Consob announced the blackout of five new websites of illegally operating financial services providers. Consob is the only EU regulator to take this effective measure. It would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites.

On May 25, 2020, the Italian regulator CONSOB has ordered the black-out of seven new scam sites and/or websites...