Consob, the Italian market regulator, has one warning Binance Group on July 15 stern, stating that their companies are not allowed to provide investment services and activities in Italy.

The watchdog states that this also includes binance.com, the site of the world’s largest exchange:

“Consob warns that companies of the“ Binance Group ”are not allowed to offer investment services and activities in Italy, not even through the website www.binance.com, which contains sections called“ Derivatives ”and“ Security Tokens ”that refer to Instruments for cryptocurrency were previously also written in Italian. This was announced by the Italian market supervisory authority.

Italy is now part of a simultaneous global crackdown on the crypto giant. Canada, Japan, the United Kingdom, the Cayman Islands, Poland and most recently Malta have all come out strong in the last few weeks for increased scrutiny of Binance. Thailand even threatened to file charges against the leaders of the parliament.

As Cointelegraph reported, Binance is also facing a class action lawsuit from a major Italian law firm representing disgruntled futures traders who claim the exchange cheated to extort money.

Thach Sanh

According to AZCoin News

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