Italian Regulators Say Binance Isn't Authorised

by in Cryptocurrency News

Italy Binance regulation

Today, another country's regulatory announced concerns about the crypto exchange Binance. Italy's market watchdog Commissione Nazionale per le Società e la Borsa (Consob) said Binance wasn't authorized to operate in the country.

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Thus, Italy becomes the latest country to do so. Consob published a press release saying companies of the Binance Group aren't allowed to provide investment services and activities in the country. The authority also warns users to be cautious while implementing crypto-related transactions, advising them to make decisions based on research and knowledge.

Consob noted that it's important to be aware of the risks crypto assets may present, such as high volatility, and malfunctions.

On June 26, the UK's Financial Conduct Authority (FCA) banned Binance from delivering operations in the country.

A number of countries also targeted the platform. Among them are Thailand, Japan, Germany, the US, and Poland.