​​Another regulator cracking down on Binance

The odds have been heavily stacked against Binance in recent weeks. Financial regulators of various countries have taken up arms against the world’s largest crypto exchange. Today, Italy has also joined the confrontation.

One more to go

Italian financial regulator, The National Commission for Companies and the Stock Exchange (CONSOB), went up against the crypto exchange by declaring that Binance Group won’t have the right to provide investment services within the country anymore, including those delivered through the official website and its sections linked to digital assets, such as Derivatives and Stock Token.

Italy is not the first country to openly condemn Binance. Earlier, Malta, Canada, Japan, the UK, the Cayman Islands, Poland and Thailand issued similar warnings to the company.

Moreover, Binance is now reportedly facing a class action from an Italian law firm, which represents the interests of dissatisfied futures traders.

Watchdogs all over the world keep scrutinising Binance and banning its activity within their jurisdictions one by one. There is every indication that things won’t die down any time soon.

Plus d’actions
Partagez

( Rédacteur & Trader )

I am a designer by trade but my passion is crypto. I am a creative geek, that shows his creativity through the popularisation a sector that is not the easiest to understand.

DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Back To Top

Newsletter

Get the best and most up-to-date crypto news straight to your inbox

Newsletter subscription

Archives

Read the latest newsletters
Click here

Free coaching

Free coaching/ Receive a free hour of coaching with an expert/ Fill in this form and our expert will contact you within 48 hours./Log into your coaching portal

© Copyright Cointribune - tous droits réservés

Agence Tempo