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Consob Monday – Italian regulator closes down five financial websites!
Like clockwork, the Italian Consob issued orders to blackout five websites illegally offering financial services. This brings the total number of websites blacked out since July 2019 to 628. Regulators in other regimes can only issue warnings against illegal providers. Consob can order Internet providers to block their websites for the Italian market. It would be desirable if other regulators were authorized by their legislators to issue such blackouts. This would be an important step in the fight against cybercrime and scams.