Bitcoin

Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement stating that Binance Group and affiliated companies are not authorized to provide investment services and operate in Italy.

The regulator specified that the warning refers to Binance.com, the main website of the global crypto exchange. CONSOB went on to warn the public about potential implications of Binance’s legal status in Italy, advising to exercise caution in making investment choices.

Italy has joined the growing number of countries to issue a public warning regarding Binance, the world’s largest cryptocurrency exchange by trading volume.

“In any case, it is important that investors are informed that transactions in instruments related to crypto assets may pose risks that are not immediately perceptible due to their complexity, high volatility as well as for security vulnerabilities,” CONSOB noted.

The article is developing and will be updated.

Articles You May Like

Benefits from not-yet-begun Manhattan congestion toll delayed by lawsuits
Mortgage demand stalls, even as interest rates moderate
Top Wall Street analysts like these dividend stocks for portfolio income
BlackRock’s Larry Fink sees Social Security crisis, says 65 retirement age ‘a bit crazy’
Trump’s social media group soars on Nasdaq debut