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Italian Regulator Says Binance Is Unauthorized

By  |  July 15, 2021

Italy’s financial regulator, CONSOB, said Binance is not authorized to provide investment services in the country.

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    ,”Companies of the Binance Group are not authorized to provide investment services and activities in Italy” even though parts of the website were written in Italian, CONSOB said in a statement on its website.

    The regulator said last month that the unsupervised spread of crypto was a cause for concern.

    CONSOB reiterated the warning, advising savers to “adopt the utmost caution” when transacting in crypto assets.

    The announcement follows a string of similar statements from financial regulators advising consumers that Binance is unregulated or unauthorized to be operating in their jurisdictions.

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